India | RBI tightens rupee liquidity to stem currency pressures
Published on Tuesday, July 16, 2013 | Updated on Thursday, June 16, 2016
India | RBI tightens rupee liquidity to stem currency pressures
Summary
Amidst persistent currency depreciation pressures that have accelerated since early May (around 10% against the US dollar) the Reserve Bank of India (RBI) yesterday announced measures to tighten rupee liquidity.
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- Asia
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- Macroeconomic Analysis
Authors
Sumedh Deorukhkar
BBVA Research - Senior Economist
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