Rupee moderate; Yen, Pound depreciating faster, says CEA
Nageswaran says whenever Federal Reserve is on an aggressive tightening, this type of currency reaction happens historically. This time it is far more moderate, he adds
Nageswaran says whenever Federal Reserve is on an aggressive tightening, this type of currency reaction happens historically. This time it is far more moderate, he adds
Unlike importers, exporters can benefit from a depreciating rupee.