IMF's Krueger says more flexible rupee desirable

Anne Krueger said on Wednesday 21 January that the Indian rupee must be allowed more flexibility and the Reserve Bank of India should intervene less in the currency market.

The IMF's first deputy managing director was speaking to reporters after addressing a seminar arranged by India's National Institute of Bank Management.

"The Indian authorities have been quite flexible (with regards to the rupee)," Krueger said.

"After a while, it will be desirable to have more flexibility and have the author