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Finance Ministry not in favour of exhausting forex reserves to defend rupee

"It (rupee) should fall, otherwise the trade-rated exchange rate will become uncompetitive," the official said

Topics
Rupee | Rupee vs dollar | Forex reserves

Shrimi Choudhary  |  New Delhi 



Indian rupee
Photo: Bloomberg

Amid fast-depleting forex reserves, the Ministry on Wednesday signalled that it was not in favour of selling the dollar to defend any particular level of the .

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First Published: Wed, September 28 2022. 20:38 IST

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