Experts divided on Reserve Bank of India's intervention strategy

The recent sharp rupee depreciation has brought in question the role of the Reserve Bank of India (RBI), and whether it could have done more to prevent such a slide.

Some experts in the markets see the rupee slide as a sign of an impending crisis, whereas, others feel letting the rupee depreciate is just the right thing to do as a correction was long overdue. The rupee was at the level of 68.61 a dollar at the beginning of August and, by its end, it was at 71. It was at 63.66 a dollar at the start of the calendar