Rupee Should Absorb Energy Shocks, Monetary Tightening Only If Inflation Rises: IMF

Rupee Should Absorb Energy Shocks, Monetary Tightening Only If Inflation Rises: IMF New Delhi, Oct 30 (KNN) The International Monetary Fund (IMF) on Thursday said exchange rate flexibility should remain the preferred policy response to help India adjust to energy shocks, amid reports of large-scale Reserve Bank of India (RBI) intervention to support the rupee. “Our view is that the rupee should be the first line of defence in the face of these shocks. So, allowing the exchange rate to mov

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