Raghuram Rajan says rupee needs modest weakening after it falls to all-time low; elections, dollar to blame

Former RBI governor, while speaking to a news channel, said since the rupee had been strengthening for quite some time and inflation, despite being modest, remained above world rates, the domestic currency needed a modest weakening.

Raghuram Rajan says rupee needs modest weakening after
Former Reserve Bank of India (RBI) governor Raghuram Rajan said the fall of rupee has more to do with strengthening of the US dollar. Image source: Reuters

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