Arvind Panagariya to RBI: Don’t fear ₹100/$, let Rupee slide amid oil shock
The Case for Exchange Rate Flexibility Arvind Panagariya, chairman of the 16th Finance Commission, has urged the Reserve Bank of India (RBI) to abandon the defense of the rupee against the dollar, even if the currency breaches the psychological threshold of ₹100. Speaking in the context of global oil price volatility, Panagariya argued that the…