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The RBI does have a number of instruments it can use to support the currency.
The Rupee Is Falling and India Should Let It: Ila Patnaik
published Sep 9, 2018, 7:04:11 PM, by Ila Patnaik (Bloomberg Opinion) — The Indian rupee has been sliding against the U.S. dollar in recent days as emerging markets come under pressure. That’s made the currency one of Asia’s worst performers, losing 12 percent this year. The rupee’s latest moves have
