Can Reserve Bank of India win this war?

The market believes the rupee needs to be weaker. To ensure that this battle doesn’t turn into a crisis, more than just intervening heavily, RBI needs to tell the market in no uncertain terms that it is willing to sell more than $100 billion, if need be

from The Financial Express https://ift.tt/3grOagU
https://ift.tt/eA8V8J Jamal Mecklai