RBI's dilemma: Save rupee or manage cash crunch

If it defends the rupee, Asia’s worst performing currency this year, it risks sucking massive amounts of rupees out of an economy already grappling with tightness in cash and unintended policy tightening. The alternative is to let the rupee weaken past 70 per dollar to record lows

from Times of India https://ift.tt/2MhU0zM