RBI faces debate on rupee policy as IMF advocates flexible exchange rate

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The Reserve Bank of India is implementing measures to influence the rupee's value. This occurs amid a debate on whether the central bank should instead let market forces determine the currency's level. The International Monetary Fund recently suggested India should allow the exchange rate to act as a shock absorber. In contrast, RBI Governor Sanjay Malhotra has stated his belief that the rupee is currently undervalued.

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