Did the Reserve Bank of India, under Shaktikanta Das, tacitly change the exchange rate policy by adopting a peg against the US dollar?Some former finance ministry advisors and officials have argued that the RBI has quietly tethered the rupee to the dollar. Most recently, authors led by Arvind Subramanian, former chief economic adviser to the ministry, have expanded this argument through a series of articles in Business Standard.
.png)
