The report said headwinds from monetary tightening, seen globally, are a concern. "Depreciation risk to rupee, however, still remains as long as net foreign portfolio investor (FPI) outflows continue in response to the increase in policy rates and quantitative tightening in advanced economies as they wage a prolonged battle to calm inflation," it saidsource https://economictimes.indiatimes.com/industry/banking/finance/short-term-risk-management-must-not-hurt-macro-stability/articleshow/92346096.cms
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