ANZ believes that while the Foreign Exchange (FX) intervention by the Reserve Bank of India (RBI) at an exchange rate of 82.6523 for USDINR is reasonable, it does come with certain drawbacks.

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USDINR Chart by TradingView

USD/INR is now above 83.0, a lifetime high. Economists at ANZ Bank analyze the Reserve Bank of India’s (RBI) perspective on the role of exchange rate.

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