IMF Reclassifies India FX Regime to ‘Crawl-Like Arrangement’
The International Monetary Fund has reclassified India’s exchange-rate regime, two years after the Washington-based lender suggested the country’s central bank was intervening too heavily in the currency market.
By Anup Roy, Bhaskar Dutta · Bloomberg Markets
The International Monetary Fund has reclassified India’s exchange-rate regime, two years after the Washington-based lender suggested the country’s central bank was intervening too heavily in the currency market.