IMF reclassifies India's exchange rate regime to 'stabilized arrangement'

IMF reclassifies India’s exchange rate regime to ‘stabilized arrangement’ By Reuters – Canada Boosts

© Reuters. Prospects purchase vegatables and fruits at an open air night market in Ahmedabad, India, August 21, 2023. REUTERS/Amit Dave/File Photograph By Ira Dugal BENGALURU (Reuters) -The Worldwide Financial Fund has reclassified India’s “de facto” trade price regime to “stabilized arrangement” from “floating” for December 2022 to October 2023, following an article IV evaluation…

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