RBI has enough reserves to stop rupee slide: AV Rajwade
AV Rajwade, Consultant at Currency & Interest Rate Risk Management speaks about the depreciating value of rupee against dollar and its impact on current account deficit. He says that RBI has the capacity to stop rupee downfall, although we are not seeing the kind of intervention that could have halted the slide. "We also need fiscal correction, changes in FDI & regulatory issues along with RBI measures," he adds.
