Managed float: RBI has a better handle now on rupee management
RBI’s restriction of rupee derivative trading to those who must hedge their forex risk looks like part of an external stability effort. This year’s ‘macro trilemma’ challenge, though, will be the rupee’s internal firmness.
RBI’s restriction of rupee derivative trading to those who must hedge their forex risk looks like part of an external stability effort. This year’s ‘macro trilemma’ challenge, though, will be the rupee’s internal firmness.