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Markets / The Economic Times

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IMF reclassifies Indias FX regime as rupee turns more volatile

The IMF has reclassified Indias exchange-rate regime from stabilized to a crawl-like arrangement as the rupee exhibits greater flexibility. The change reflects the currencys more independent movement and Indias readiness to allow gradual adjustments. A crawling peg involves small, steady shifts to account for inflation differences with trading partners, replacing the narrow-range approach last updated in 2023.

27 Nov 2025 9:21 am