May 27th 2026, C.P. Chandrasekhar
and Jayati Ghosh
Recent
changes in the rupee cannot be explained only by balance
of payments flows. Instead, they point to speculative
activity profiting from deregulation that the RBI
finds increasingly difficult to control.
* This article was originally published in the Business
Line on 26 May 2026.
This Document is in Adobe Acrobat format and would
need a PDF reader to view it.
