RBI's rupee weakening stance supported by economist

RBI's rupee weakening stance supported by economist — Economist Montek Singh Ahluwalia backed the RBI’s decision to allow the rupee to weaken, saying it helped improve export competitiveness. This view supports ongoing monetary policy flexibility amid $320B forex reserves and 7.2% GDP growth projections. The move may ease pressure on RBI to defend currency levels aggressively.

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