India Mulls All Options, Including Rate Hike, as Rupee Slumps
Posted by MarketsWire
The Reserve Bank of India is considering all of its available options to stabilize the rupee, including an interest rate hike, more currency swaps and raising dollars from investors overseas, according to people familiar with the matter.
1 replies
tomspark wrote:
Rate hikes are just a band-aid though — if the rupee is slumping hard enough that RBI is panicking, there's probably deeper structural stuff going on that doesn't get fixed by jacking up rates.