Central Banks
RBI Defends FX Policy as India’s Attempt to Avert Global Risks
- India’s forex reserves are close to about $700 billion
- Nation doesn’t need to undervalue rupee for exports: RBI
This article is for subscribers only.
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.
India’s central bank responded to the criticism of its tight grip on the rupee this year, laying out its justification for closely managing the currency.