According to IMF, the 'effective' depreciation in the rupee has only been 6-7 % this year after adjusting it to inflation, i.e. only half of the actual drop in the value of the currency this year. The IMF, however, warned that the rupee depreciation would jack up the prices of imported goods, potentially putting an upward pressure on inflation.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2pgE6f5
0 comments: