Why it would be challenging for RBI to contain volatility in rupee

Moreover, while sectors like IT would benefit from rupee depreciation, the demand for their services would take a hit as companies scale back their IT spending given the high interest costs in the US and uncertainty around demand. Later would be a bigger factor.

Why it would be challenging for RBI to contain volatility in rupee
Moreover, while sectors like IT would benefit from rupee depreciation, the demand for their services would take a hit as companies scale back their IT spending given the high interest costs in the US and uncertainty around demand. Later would be a bigger factor.