Comments by "M Shastri" (@libshastra) on "India’s Forex reserve lose $80 bn in 8 months as RBI defends rupee, quarterly CAD at alarming level" video.

  1.  @Santoshkumar-lh2dh  it's not overvaluing it on purpose. It's an effect of deficit spending.
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  2. RBI has a mandate and it works on that accordingly. RBI would intervene even if it was more independent than it is right now. No Central bank would freely allow it's currency to drop why? Volatility is bad for any economy. RBI will seek to smooth out the appreciation/depreciation.
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