Economic TimesLean R·
Can RBI’s six forex measures help stabilise the rupee?
Kolkata: The Reserve Bank of India (RBI) has taken a slew of steps since Saturday to help lift the rupee to what Governor Sanjay Malhotra described as its "correct" value. These measures have helped the rupee recover to 95.28 a dollar, about 150 paise over two days. An immediate fallout is the reduction in speculative bets on the currency and discouraging over-hedging by companies in anticipation of further rupee depreciation. An inevitable inflation in hedging costs, a natural outcome of the r…
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