Politics
Billionaire Kotak Says India Should Let Rupee Find Its Own Level
Key Points
Billionaire Kotak Says India Should Let Rupee Find Its Own Level Billionaire banker Uday Kotak said India should allow its currency to find its own footing, arguing that uncertainty over policymakers’ intentions can keep markets guessing as global capital flows shift. “My personal view is, we should let the rupee find its own level, and over time, the true strength of the economy will play out,” Kotak said at Bloomberg’s New Economy Forum in New Delhi.
Billionaire Kotak Says India Should Let Rupee Find Its Own Level
Billionaire banker Uday Kotak said India should allow its currency to find its own footing, arguing that uncertainty over policymakers’ intentions can keep markets guessing as global capital flows shift.
“My personal view is, we should let the rupee find its own level, and over time, the true strength of the economy will play out,” Kotak said at Bloomberg’s New Economy Forum in New Delhi.