India has enough fire to deal with rupee volatility: Finmin
India has adequate reserves and firepower to deal with the current volatility in rupee, Economic Affairs Secretary S C Garg said.Stressing that the situation is better than 2013, he said basic source of rupee volatility is demand supply mismatch. “If you expect oil prices to go up, then demand supply mismatch sharpens, it also affects the behaviour of some. If they expect rupee to depreciate, then FIIs tend to behave in a certain way, its all linked so it’s not isolated. We are not even certain what kind of a storm…
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