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Informative
Weighted moves: RBI's shock therapy restores stability to the forex market
Update / Judgement Date
18 Feb 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
FEMA & FCRARBI
RBI's weighted average call rate (WACR) moves, considered a form of "shock therapy," have restored stability to the forex market. This action by the RBI demonstrates its proactive approach to managing currency fluctuations and maintaining stability in the financial markets. The WACR adjustments have helped to control volatility and stabilize the rupee. This intervention by the RBI reflects its role in regulating the forex market.
