Why is the RBI unable to stop the rupee from depreciating against the dollar and other currencies?

Asked Jul 1, 2013· 1 answer ·India, Indian Rupee, United States Dollar

Faisal KhanAnswered Jul 1, 2013

RBI most likely does not want to control the devaluation, because, It is...

Much needed (considering the Oil subsidies)
Trim down the Import Bill a little
Make Exports from India more favorable (i.e. affordable)
More Inward Home Remittances

Currency Devaluation Currency Controls India Indian Rupee United States Dollar Reserve Bank of India

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