RBI Won’t Allow Runaway Rupee Gains Despite High CPI, ICICI Says
The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph. (Photographer: Brent Lewin/Bloomberg)

RBI Won’t Allow Runaway Rupee Gains Despite High CPI, ICICI Says

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(Bloomberg) -- India’s central bank will continue to intervene to prevent any sharp appreciation in the rupee, even after signs of leniency toward currency gains in recent weeks, according to ICICI...