Best of BS Opinion: Managing the rupee, alternative export strategy & more

Here are the top BS Opinion articles of the day

Here is the best of Business Standard's opinion pieces for Thursday.

With the given global backdrop, it is clear that there will be pressure on the rupee. However, the Reserve Bank of India would do well to not defend it despite large reserves as has been argued by some. Reserves should only be used to contain undue volatility and not to defend the currency at any particular level, argues our lead editorial. 

In other views: 
 

Instead of focusing on one over the other, India needs to view services and manufacturing as complementary, not exclusive activities, writes Amita Batra

Given the formidable barriers, it is possible to argue that the government can only do so much to advance the status of women, writes Kanika Datta

QUOTE OF THE DAY

“We are further tightening the net of sanctions responding to Russia’s military aggression against Ukraine.”
 

 President of European Commission Ursula von der Leyen