India suffering from low labor participation rate, rupee depreciating in the world, says RBI Deputy Governor Michael Patra
RBI Deputy Governor Michael Patra on Friday said that India is suffering from a low labor participation rate. He said that the depreciation of rupees is the lowest in the world. RBI stands for the stability of the rupee and is defending the rupee against volatility. Zee Business Tarun Sharma’s report.
The Deputy Governor said that Rupee-Rouble billing will be decided by the government and not by the RBI. Pic: Reuters