IMF views on rupee's depreciation and market impact
pre-market1 source ↓machine-written, see hownot a recommendation
- to the dollar
- ₹96
The IMF stated that India can withstand pressures on the rupee, which recently slipped past ₹96 to the dollar. The US Fed's interest rate hike is expected to tighten global financial conditions, prompting India to let the exchange rate act as a shock absorber. This approach may help exporters while avoiding excessive reserve usage.
Not investment advice. For informational purposes only.