Rajan cautions India against depleting forex reserves to defend rupee, says don't 'fixate on a number'

Raghuram Rajan, former RBI governor, says India should not 'fixate on a number' for its currency level or run down foreign exchange reserves to defend the rupee, telling the Reuters Global Markets Forum that the first response should be 'don't panic' and cautioning against exhausting reserves defending a specific exchange rate.

Detected & updated continuously · Source: Nebula