Rare balancing act: How RBI chief Shaktikanta Das tamed volatile rupee with $689 billion in reserves

RBI Governor Shaktikanta Das has achieved a balance between stabilising the rupee and letting it weaken to support India's export goals. The RBI's foreign-exchange reserves have increased significantly, drawing in foreign investment and reducing the current account deficit. This strategy has made the rupee one of Asia's least volatile currencies, preparing India for external economic shocks.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UGoqxWY
https://ift.tt/3m2hQEC