ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Exchange Rates, Markets and the RBI

Recent developments in the foreign exchange and money markets have shown that if the Reserve Bank wishes to pursue an independent monetary policy, one tailored to suit the cyclical conditions of the domestic economy, it needs to step back from its interventions in the foreign exchange market and let the rupee be.

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