Rupee's fall due to dollar's rise, RBI intervention can harm exports: Rajan

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Rupee's fall due to dollar's rise, RBI intervention can harm exports: Rajan - Business Standard

Quick Summary:

Attributing the fall in Indian rupee solely to the US dollar getting stronger, former Reserve Bank governor Raghuram Rajan has said any intervention by the RBI on this can end up harming Indian exports even as he urged policymakers to focus on creating more jobs and boosting household consumption.

Asked what the second term of US President Donald Trump means for the global and Indian economy, Rajan said, "I think it means uncertainty.

President Trump during his campaign laid out a bunch of policies and measures that he wants to implement"..