'Real' depreciation of Indian rupee between six to seven per cent: IMF

According to an estimate by the International Monetary Fund (IMF), the real effective depreciation of Indian rupee is between six and seven per cent, in comparison to December last year. Broadly since the beginning of the year, Indian rupee “has lost about 11 per cent of its value in nominal terms vis a vis the US dollar", said IMF spokesperson Gerry Rice, responding to a question on the fall of the Indian currency in the last few months.

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