No evidence of exchange rate policy hurting exports: RBI report

Quick Summary:

Rupee depreciated by 7.8 per cent during FY23 and by 1.4 per cent in FY24.

And so far in FY25, it has depreciated by 1.

This approach has resulted in smoothening the effects of volatile capital flows, maintaining financial stability, and minimising spillovers to the real sector,” RBI said.

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Category: BusinessFinance

Markets: India

Topics: RBI Indian rupee State of the Economy RBI report Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 22:47:19 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 601 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23722787

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