Rupee to breach 86/$, RBI governor faces 1st major challenge

RBI Governor Sanjay Malhotra faces a significant test as the rupee is poised to breach 86 due to a stronger dollar. This complicates GDP growth efforts expected to slow to 6.4% in FY25. Forex intervention has tightened liquidity, impacting interest rates and contributing to capital outflows.

from Times of India https://ift.tt/ZT3XY4J
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