The International Monetary Fund will soon reclassify India’s exchange rate regime to include references to a crawling peg, according to people familiar with the matter, a move that would reflect increased rupee volatility under a new central bank governor.
The International Monetary Fund will soon reclassify India’s exchange rate regime to include references to a crawling peg, according to people familiar with the matter, a move that would reflect increased rupee volatility under a new central bank governor.