RBI has been intervening to stem rupee's appreciation: CEA
Subramanian said there was a 'big' appreciation of the rupee between January and April.
RBI has been intervening to stem the rupee’s appreciation, Chief Economic Adviser Arvind Subramanian said on Monday.
New Delhi: The Reserve Bank of India has been intervening to stem the rupee’s appreciation, Chief Economic Adviser Arvind Subramanian said on Monday.
Subramanian said there was a “big” appreciation of the rupee between January and April which had adversely impacted Indian exports and the country’s import-competing sectors.
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