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Has stronger rupee become a threat for India's growth aspirations?

That is weighing on an economy that is struggling to cope with disruption caused by GST

Reuters  |  NEW DELHI 

India's stronger currency has become a threat for its growth aspirations, piling pressure on the central bank to aggressively intervene in the foreign exchange market even at the risk of incurring the wrath of the United States. The rupee has risen more than 6 percent this year against the dollar, snapping six consecutive years of depreciation, with the impact magnified by the decline of many competitors' currencies against the greenback over the same period. That is weighing on an economy that is struggling to cope with disruption caused by ambiguous rules of a recently ...

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First Published: Fri, September 01 2017. 23:00 IST
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