Rupee at 95.50 is not a cause for alarm, says Raghuram Rajan
Raghuram Rajan, former RBI Governor and current member of a task force focused on the US central bank, stated that the rupee has performed more steadily than many had anticipated. Rajan remarked that the currency's value is not significantly misaligned and emphasized that there is no reason for panic. The rupee is presently trading at 95.50, an improvement from the 97 level seen in May, prior to the RBI implementing steps to boost capital.
by shortkt.com✓