India's policy rate hike shallower than US: Icra

Typically, the Reserve Bank of India intervenes in the market through liquidity management, including the selling of dollars from the foreign exchange reserves, with a view to preventing a steep depreciation in the value of the rupee. Further, on the government's market borrowings, it said there have seen a significant increase during the post-pandemic period.

India's policy rate hike shallower than US: Icra
Typically, the Reserve Bank of India intervenes in the market through liquidity management, including the selling of dollars from the foreign exchange reserves, with a view to preventing a steep depreciation in the value of the rupee. Further, on the government's market borrowings, it said there have seen a significant increase during the post-pandemic period.