Study says rupee almost pegged to dollar

A study presented to the Singapore Economic Review Conference on Friday 5 August suggests the Indian rupee is virtually pegged to the US dollar, despite the RBI saying it adopts a "managed float" for the currency.

Research by Tony Cavoli of the University of Adelaide and Ramkishen S. Rajan from Singapore's Lee Kuan Yew School of Public Policy suggests that the Reserve Bank of India (RBI) guides the rupee's exchange rate against the U.S. dollar.

The study confirmed the official position of Singa

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: