India Central Bank’s Strategic Plan for Rupee Depreciation to Correct Overvaluation: A Comparison with Competitors
Key Takeaways: πΈ The RBI may prefer mild rupee weakness to correct overvaluation π BofA expects the rupee to decline to 84 to the U.S. dollar by the end of the year π The trading range for the rupee has slightly weakened this month πΉ The RBI’s dual-sided intervention has kept the rupee’s volatility in … Read more