El Nino Downside Risk For India; RBI Should Allow Rupee To Move Freely: IMF

Economy Markets India

India

On RBI’S move to prop up the rupee-dollar exchange rates, IMF said: “given the ongoing energy shocks that India is confronting, like all countries, our view is that the rupee should be the first line of defence in the face of these shocks”

El Nino Downside Risk For India; RBI Should Allow Rupee To Move Freely: IMF

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