India RBI Seen Prudent in Spending Forex Reserves to Defend Rupee – Bloomberg
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The Reserve Bank of India headquarters in Mumbai.
Subhadip Sircar
The Reserve Bank of India is once again seeking to defend its currency when the Federal Reserve is tightening.
This time though, analysts expect it to mount a more limited defense, aimed at fending off the worst of speculative attacks rather than holding down a line in the sand when capital flows are shifting globally with the Fed set to hike throughout the year.
