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The rupee confronts an external shock: for the optimal response, here’s what policymakers should do

The Indian currency is unlikely to stabilize till the West Asia war ends, so policymakers must prepare for worse if the conflict continues. The Centre and RBI will have to take decisions that they had hoped they wouldn’t have to. But enough is now known to ch…

By C. Rangarajan, N.R. Bhanumurthy· Livemint· 4 days ago· 2 min read
The rupee confronts an external shock: for the optimal response, here’s what policymakers should do