
“₹100 per Dollar Is Just a Number? 👀”
Economist and Finance Commission Chairman Arvind Panagariya thinks RBI should stop trying too hard to hold the rupee at a particular level.
His point is simple — if the market wants ₹100 per dollar, then defending the rupee by burning forex reserves may not be worth it forever.
According to him, “₹100 is just a number.”