IMF Calls for Rupee Flexibility as RBI Steps up Defence Amid Oil Price Pressures, Foreign Outflows - The Tribune
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8 Articles
IMF calls for rupee flexibility as RBI steps up defence amid oil price pressures, foreign outflows - The Tribune
India should allow the dollar-rupee exchange rate to fluctuate as the primary safeguard against the current oil shock, an International Monetary Fund (IMF) official said on Wednesday.
IMF urges currency flexibility as RBI steps up rupee defence amid oil price pressures, foreign outflows
Foreign-exchange intervention offers limited benefits beyond the near term and currencies should be allowed to adjust to global shocks, a top International Monetary Fund official said.
Forex Reserves Are Bleeding. Can RBI Stop Rupee From Hitting 100 in 2026-27?
On 9 October 2026, barely in a month’s time, the foreign exchange reserves declined to $726.03 billion down by $59.68 billion (50 percent of net FCNR-B inflows). The half the reserves built-up are gone in a third of its collection time (June-August).
The RBI has taken steps like selling dollars to prevent the currency from depreciating. As a result, the rupee has recovered by 2 percent. However, the IMF has advised India not to take such steps. Exchange rates should be free. IMF official Krishna Srinivasan said that this move is right to prevent external shocks.
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