RBI forex move may delay rupee slide: Systematix

RBI’s forex mobilisation may delay, not solve, rupee pressure: Systematix sees 6.5% slide According to Systematix, the Reserve Bank’s forex measures could only postpone underlying rupee weakness. The firm forecasts a 6.5% depreciation of the currency amid persistent outflows and widening current account deficit. Immediate policy adjustments may not suffice without structural reforms.
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