“100 is just a number”: Economist Arvind Panagariya tells RBI not to lose sleep over rupee slide
New Delhi, 22/5: Economist Arvind Panagariya has urged the Reserve Bank of India (RBI) not to allow the “psychology of Rs 100 per dollar” determine its policy response, arguing that depreciation is the appropriate response to a rise in oil-related external pressures. Do not let the psychology of Rs 100 per dollar determine your policy…
