IMF says 'real' depreciation of Indian rupee only 6-7%

According to IMF, the 'effective' depreciation in the rupee has only been 6-7 % this year after adjusting it to inflation, i.e. only half of the actual drop in the value of the currency this year. The IMF, however, warned that the rupee depreciation would jack up the prices of imported goods, potentially putting an upward pressure on inflation.

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