Rajan Strengthens Rupee Defense Deploying $2.8 Billion Reserves

  • Currency seen ending quarter at 67 per dollar, survey shows
  • BofA says Rajan may spend $20 billion in 2016 buoying rupee

Raghuram Rajan.

Photographer: Dhiraj Singh/Bloomberg

Indian central bank Governor Raghuram Rajan oversaw the biggest jump in currency reserves among major developing nations and he’s not afraid to use them to help the rupee.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.