India should let the rupee slide gradually

The RBI's interventions are unsustainable and counterproductive

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2025-01-23T092023Z_479014078_RC2KFCANI1N8_RTRMADP_3_INDIA-RUPEE-OPTIONS.JPG

The Reserve Bank of India has no choice but to allow the rupee to depreciate gradually, as its own analysis indicates the Indian rupee is overvalued. © Reuters

Ritesh Kumar Singh is founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.

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