Rupee's New Low: Will RBI Policy Meeting on Dec 5 Tackle Currency Woes or Stick to Inflation Fight?

Overview

The Indian rupee has depreciated 5% in a year, hitting a new record low against the US dollar. Former MPC member Ashima Goyal and Federal Bank's V Lakshmanan state the Reserve Bank of India's upcoming December 5 policy meeting will focus on domestic inflation and growth, not currency levels. The RBI will continue its intervention policy to manage excess volatility.