Ex-RBI Official Warns Rupee Role
A former central bank official warned that using the rupee as an automatic stabiliser risks harming the real economy. Exchange rates can overshoot and create financial stability concerns. Policymakers should rely on clear communication.
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India's reliance on the rupee as an automatic market stabiliser risks inflicting real economic damage by amplifying financial stability threats, according to former central bank official Michael Debabrata Patra.
