NewsX: Indian central bank blames government for rupee woes

  • 5 years ago
India's central bank governor blamed the government Thursday for failing to reduce the current account deficit, which has caused the currency to spiral and left the country vulnerable to an economic crisis.
Less than a week before he steps down from the five-year post at the Reserve Bank of India (RBI), Duvvuri Subbarao said that pointing to factors outside India did not fully explain the rupee's rapid depreciation.

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