No need to increase interest rate to rein in rupee depreciation, says principal economic adviser
Updated : September 17, 2018 06:35 AM IST
While noting that the RBI is watching the situation on a continuous basis, Sanyal said the Indian economy is on a strong footing with forex reserves of $400 billion.
The rupee has slumped around 6 per cent since August and touched an all-time low of 72 level this week.
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