IMF Set to Reclassify India’s FX Regime as Rupee Turns Volatile

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Bhaskar Dutta

Anup Roy

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The IMF is expected to announce a change in how it classifies India’s exchange rate regime, sources say, two years after the lender upset the local central bank

IMF Likely to Alter Classification of India’s Forex Framework

Rupee Volatility Increases Under Governor Malhotra

The International Monetary Fund will soon reclassify India’s exchange rate regime to include references to a crawling peg, according to people familiar with the matter, a move that would reflect increased rupee volatility under a new central bank governor.

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