# IMF's India exchange rate regime reclassification faces cenbank pushback

> The IMF is considering reclassifying India's exchange rate regime, and the Reserve Bank of India is pushing back. The rupee has traded in a narrow band of 80.88 to 83.42 since December 2022, with volatility expectations at their lowest in over a decade.

- Date: 2023-12-19 · published 2023-12-19T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/33003-imf-s-india-exchange-rate-regime-reclassification-faces-cenbank-pushback
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A possible change in the official exchange-rate classification could alter how much the RBI intervenes, affecting the rupee's cost of dollar-denominated feed imports over time.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/world/india/imf-sees-indias-fy24-economic-growth-63-2023-12-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.