RBI to focus on inflation despite rupee depreciation
after close1 source ↓written by the desknot a recommendation
- of the Indian
- 5% depreciation
- upcoming meeting
- 5 Dec
- crossing
- 90 against the US Dollar
Amid a 5% depreciation of the Indian rupee, Ashima Goyal, a former MPC member, stated that the Reserve Bank of India will prioritize domestic inflation and growth over currency fluctuations in its upcoming meeting on 5 Dec. The rupee recently hit a record low, crossing 90 against the US Dollar. This stance suggests limited immediate impact on monetary policy from currency movements.
Not investment advice. For informational purposes only.