According to RBI data, the 40-currency basket measuring the rupee's competitiveness shows it was overvalued by 7.21 percent through October-nearly the highest in six years.
But the rupee's decline of 1.5 percent this year against the dollar is the least among Asian currencies. RBI Governor Shaktikanta Das recently noted that the rupee has emerged as one of the least volatile currencies in the world since the start of 2023. Given that excessive volatility can have detrimental effects, RBI's stated policy is to ensure that the exchange rate remains stable, which in turn instils confidence among market participants, investors and the wider economy.
この記事は The New Indian Express の November 23, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The New Indian Express の November 23, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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