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The Economic Times

National

Rupee may not just stabilise, but appreciate from current levels: RBI Dy Guv Poonam Gupta

Poonam Gupta RBI India Deficit Oil

Mumbai: The Reserve Bank of India (RBI) Deputy Governor Poonam Gupta on Wednesday said that there is a fair case for the rupee to not just stabilise but even appreciate from current levels, as the currency's 13.1 per cent depreciation over the past one-and-a-half years appears to be a temporary phenomenon.

"If anything, there seems to be a fair case for the rupee to not just stabilise but perhaps even appreciate from the current levels, as was being anticipated by the market analysts when the capital flow measures were first announced," Gupta said while addressing the 13th SBI Banking & Economics Conclave here.

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