September 25, 2017 / 7:36 AM / 5 months ago

RBI has been intervening to stem rupee's appreciation - Arvind Subramanian

NEW DELHI (Reuters) - The Reserve Bank of India 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.

Reporting by Rajesh Kumar Singh; Editing by Malini Menon

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