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RBI has been intervening to stem rupee’s appreciation, says Arvind Subramanian

LiveMint logoLiveMint 25-09-2017 Rajesh Kumar Singh

New Delhi: The Reserve Bank of India (RBI) has been intervening to stem the rupee’s appreciation, chief economic adviser Arvind Subramanian said on Monday.

Subramanian said there was a “big” appreciation of the rupee between January and April which had adversely impacted Indian exports and the country’s import-competing sectors. Reuters

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