Opinion

The dollar deluge that RBI is faced with has also hauled in a new tide of woes

Livemint 06 Sep

India

The dollar deluge that RBI is faced with has also hauled in a new tide of woes — Sources: Livemint

Despite India’s Reserve Bank ending its scheme for FCNR(B) deposits a month ahead of schedule, the dollar inflows it sought topped $127.2 billion. If RBI now finds itself between a rock and a hard place, it is largely on account of its own errors of judgement.

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