A senior IMF official, Krishna Srinivasan, said in Mumbai that currency intervention offers only limited benefits beyond the short term, and that exchange rates should be allowed to absorb global shocks. Asian central banks are struggling with currency weakness as capital outflows and dollar demand rise, with policymakers from Indonesia to Japan using rate hikes and market intervention. Ranil Salgado of the IMF described the Reserve Bank of India's recent steps to attract foreign inflows as broadly positive, while noting the RBI aims to limit excessive volatility rather than defend a specific exchange-rate level.
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Original headline: IMF official says currency intervention offers limited benefits | Hellenic Shipping News Worldwide
Read the original on hellenicshippingnews.com ↗
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exchange ratesIMFIndiacapital flows
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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