⚡️Kolkata: The rupee is close to its intrinsic value of around 72 per US dollar and the time is ripe for policy intervention to check further depreciation of the Indian currency, according to Yes Bank.

⚡️Speaking at the Merchants’ Chamber of Commerce & Industry’s India Economic Forum 2018, Rao said that according to the bank’s view, intrinsic value of the rupee is around 72 against a US dollar taken on a base of 2011-12.

⚡️International Monetary Fund (IMF) India resident representative Andreas W Bauer also said according to their latest report, the rupee was around its Real Effective Exchnage Rate (REER).

DtNext.

Leave a Reply

Your email address will not be published. Required fields are marked *