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RBI has been intervening to stem rupee's appreciation: Arvind Subramanian

CEA said that there was a 'big' appreciation of the rupee between January and April

Reuters  |  New Delhi 

CEA Arvind Subramanian
CEA Arvind Subramanian

The Reserve Bank of India (RBI) has been intervening to stem the rupee's appreciation, Chief Economic Adviser said on Monday.

Subramanian said there was a "big" appreciation of the rupee between January and April which had adversely impacted Indian exports and the country's import-competing sectors.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, September 25 2017. 13:15 IST
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