JPMorgan’s Jahangir Aziz says the rupee’s fall reflects weak capital inflows, not a worrying current account deficit, adding that allowing the currency to adjust helps absorb external shocks and keeps monetary policy focused on domestic needs.
JPMorgan’s Jahangir Aziz says the rupee’s fall reflects weak capital inflows, not a worrying current account deficit, adding that allowing the currency to adjust helps absorb external shocks and keeps monetary policy focused on domestic needs.