RBI has been intervening to stem rupee's appreciation: Arvind Subramanian
Reuters|
Updated: Sep 25, 2017, 03.31 PM IST
NEW DELHI: India's central bank 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.
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.
