Economic fundamentals favour a stronger rupee, reforms needed for higher growth: Economist Surjit Bhalla
New Delhi, May 31 -- Economist and author Surjit Bhalla has said that India's strong economic fundamentals favour a stronger rupee and that policy reforms are needed to attract investment and boost growth.
In an exclusive interview with ANI, Bhalla said India's low current account deficit and low inflation should have supported the rupee.
"The fundamentals of the rupee were in favour of the rupee, not for depreciation," he said, adding that the key issue is the lack of investment despite strong economic growth.
Bhalla said policy uncertainties continue to discourage investors and affect the rupee's performance. "The fundamentals are in favour of a stronger rupee," he said.
Calling for immediate reforms, Bhalla urged the government to ...
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