 "RBI has been intervening to stem rupee's appreciation: Arvind Subramanian")
The Reserve Bank of India (RBI) has been intervening to stem the rupee's appreciation, Chief Economic Adviser Arvind Subramanian 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.
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