After the relative respite at the end of last week the RBI is having to intervene again as the rupee slid toward last week’s record lows of 68.85
Dealers report intervention earlier at 68.62
Not a good day to start your new job as former IMF chief economist Raghuram Rajan becomes the latest RBI governor today
Quite how he intends to stop the rot remains to be seen but we can be certain that the plight of emerging market economies will feature heavily at this week’s G20 summit in St Petersburg
