Can allow rupee to depreciate, see no inflation constraints, says Sanjeev Sanyal
On the factors affecting the rupee's value against dollar as well as reacting to all the talk of expectations of a RBI key rate hike in the upcoming meet, he said, "Don't need rate hike to control Rupee fall; no such thing as fair value of rupee. Competitors have allowed their currency to depreciate amid Trade War."
Indian rupee today strengthened by another 34 paise to close at a one-week high of 71.84 against the US dollar on positive macro data along with broadly positive global cues. Image source: Reuters