IMF estimates 'real' depreciation of Indian rupees to be around 7 percent
Updated : September 18, 2018 08:25 AM IST
As with most things, there have been pluses and there have been minuses of demonetisation, he said.
The Reserve Bank of India has taken the rising oil import prices into the account when it raised the policy rates in its last two meetings.
Currencies of many of India's trading partners, including those in the emerging markets, too have depreciated against the dollar.
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