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'Don't Panic': Raghuram Rajan Warns RBI Against Depleting Forex Reserves To Defend Currency

'Don't Panic': Raghuram Rajan Warns RBI Against Depleting Forex Reserves To Defend Currency
Photo: Free Press Journal · view original

Former Reserve Bank of India (RBI) Governor Raghuram Rajan has cautioned against using substantial foreign exchange reserves to defend a particular rupee exchange rate, urging policymakers to adopt a longer-term perspective. As per a Reuters report, Rajan said India should avoid becoming overly c...

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