Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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Brakes ahead on rupee appreciation

Overview

The rupee’s appreciation over the past year has been among the fastest in recent history due to surging capital inflows attracted by India’s strong economic recovery and a central bank that has for the most part refrained from intervening in the foreign exchange market. The key question now is how this exchange rate trend will be affected by the monetary tightening cycle now getting under...

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