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HomeNewsOpinionOn the rupee, RBI follows a principle, but is not dogmatic

On the rupee, RBI follows a principle, but is not dogmatic

Subir Roy   •

Within the space of under two years, the RBI has become pretty active in the market, vindicating the IMF’s stance that the rupee is not freely floating any more

The IMF has said the RBI’s intervention caused the rupee to trade in a “very narrow range” as the intervention was more than needed to tackle “disorderly market behaviour”

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