RBI to tolerate weaker rupee as inflows dry up, sources say
Reserve Bank of India will now tolerate a weaker rupee amidst multiple external headwinds, including a widening trade gap and stalled dollar inflows. The Reserve Bank of India (RBI) has shifted from aggressive dollar sales to allowing the rupee to fall, intervening only to curb sharp volatility or speculative build-up, not to defend a specific level.
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