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RBI's current policy stance should continue, said former RBI Governor C Rangarajan. "Developed countries are also taking steep rate hikes. I expect more rate hikes," Rangarajan added. He further said there was a steep fall in INR's value against USD with the outflow of capital. "Now, with the inflow of capital, value of INR is expected to strengthen," he added.
short by Ashley Paul / 06:22 pm on 18 Sep
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