The IMF has reclassified India's exchange rate regime to a "crawl-like arrangement," indicating increased flexibility after previously labeling it "stabilised." This shift follows a review and suggests the Reserve Bank of India, under Governor Sanjay Malhotra, is tolerating more rupee volatility. The move aims to help India absorb external shocks and reduce reserve accumulation.
- News Source Indiatimes (Click to view full news): CLICK HERE
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