RBI has been intervening to stem rupee's appreciation: Arvind Subramanian

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.

By: Reuters | Published: September 25, 2017 5:47 PM

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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.

RBI has been intervening to stem rupee’s appreciation: Arvind Subramanian

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.