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RBI Puts Rupee Rescue Before Growth

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July 31: Sumant Sinha, Chairman at ReNew Wind Power, says the central bank has put growth on hold while it focuses on stabilising the rupee. While there were chances for a rate cut till a few months ago, the exchange rate volatility moved the RBI’s focus from growth to rupee. Investors will wait for the rupee to steady before putting in money,” he says, adding that “It is the government who has to take the vast majority of the moves to stimulate growth.”