India's Central Bank Delays the Inevitable
The Reserve Bank of India (RBI) logo is displayed on a gate outside the central bank’s headquarters in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India's Central Bank Delays the Inevitable

(Bloomberg Opinion) -- When the world’s de facto central bank rustles up an interest-rate whirlwind, you don’t use a fig leaf of flexible exchange rates to stand in its path. That memo, already wel...
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