IMF Moves Toward Possible Fresh Reclassification of India’s FX Regime, as ABN Amro Plans to Cut over 5,000 Jobs

The International Monetary Fund (IMF) is preparing to reopen a contentious chapter in its relationship with Asia’s third-largest economy, with sources in Washington indicating that the multilateral lender is weighing a fresh reclassification of India’s foreign exchange rate regime. The move comes as the rupee experiences heightened volatility under the new leadership at the Reserve

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