Reserve Bank of India may need to tweak forex strategy, let rupee weaken, say analysts - Economic Times

The rupee has hit a series of record lows this week and is within striking distance of the psychologically important 79-to-a-dollar level, as concerns around growth, portfolio outflows, high global crude prices and sustained inflation weigh.

India's central bank may need to change the way it seeks to slow the rupee's decline, analysts and traders say, with its current method of intervention in the forwards market now only accelerating th… [+2507 chars]

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