RBI’s new forex rules signal shifts in currency strategy; banks now on frontline
While the measure may have some short-term impact, the Indian economy's fundamentals will determine the course of the rupee. The move may support the rupee from falling further, but lead to mark-to-market losses in the March quarter.
While the measure may have some short-term impact, the Indian economy's fundamentals will determine the course of the rupee. The move may support the rupee from falling further, but lead to mark-to-market losses in the March quarter.
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