World & BusinessThe rupee’s prospects for recovery after recent depreciation
The Economic Times reports that Reserve Bank of India Deputy Governor Poonam Gupta said the currency could stabilise or gain value.
TLDR
The Economic Times reports that RBI Deputy Governor Poonam Gupta said the rupee could stabilise or appreciate after its recent depreciation. She highlighted services exports and remittances as potential ways to narrow India’s current account deficit, and said capital account conditions may improve, supporting foreign investment. Gupta also emphasised the RBI’s capacity to manage external pressures and maintain orderly exchange rates.
The rupee’s prospects for recovery after recent depreciation
The Economic Times reports that Reserve Bank of India Deputy Governor Poonam Gupta said the currency could stabilise or gain value.