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RBI has been intervening to stem rupee's appreciation - Arvind Subramanian
September 25, 2017 / 7:36 AM / 3 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.

Arvind Subramanian, chief economic adviser at India's Finance Ministry, speaks during an interview with Reuters in New Delhi, India, September 23, 2015. REUTERS/Adnan Abidi/File Photo

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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