Let rupee gain to contain imported inflation, boost exports: Report

The Reserve Bank has been continuously making forex purchases, and in FY21, it bought Rs 5.1 lakh crore worth of forex and the forex reserves swelled by USD 103.72 billion. Despite the second wave, the rupee gained strength and even went below 73 to a dollar, SBI Research said on Thursday in its report.

from Economy-News-Economic Times https://ift.tt/2ZHo3fU