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“Important To Manage Perception On Rupee”

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September 6: JPMorgan's Sajjid Chinoy says rupee pressure has moved from a current account deficit to a capital account problem. “RBI’s dollar-swap window for OMCs attempts to create a current surplus situation by removing dollar demand from markets, which will anchor expectations and support rupee,” he says. DBS India’s Arvind Narayanan says the new RBI governor’s measures will pull in capital inflows quickly. “It’s important to signal control over the currency,” he says.