Economist Urges RBI to Utilize US Fed Repo Facility to Support Rupee
Former Deputy Governor of the Reserve Bank of India (RBI), Michael Patra, has urged the central bank to actively leverage the US Federal Reserve’s Foreign and International Monetary Authorities (FIMA) repo facility to stabilize the Indian rupee against ongoing global market volatility. This recommendation comes as the rupee faces persistent downward pressure amid shifting geopolitical…