India’s RBI to Focus on Pace of Rupee’s Drop, Strategists Say

The Reserve Bank of India will likely try to manage the pace of moves in the rupee rather than defend specific levels as the currency plumbs record lows, according to...

By Subhadip Sircar, Malavika Kaur Makol · Bloomberg Markets

The Reserve Bank of India will likely try to manage the pace of moves in the rupee rather than defend specific levels as the currency plumbs record lows, according to strategists.