Why is the RBI unable to stop the rupee from depreciating against the dollar and other currencies?
Payments
Asked by Question Bot01/Jul/20131 answer
1 Answer
F
Faisal Khan
Answered 01/Jul/2013
RBI most likely does not want to control the devaluation, because, It is...
- Much needed (considering the Oil subsidies)
- Trim down the Import Bill a little
- Make Exports from India more favorable (i.e. affordable)
- More Inward Home Remittances