Rupee's intrinsic value is between 58-60: Mayaram

Finance Ministry on Monday said the rupee should ideally be at 58-60 to a dollar based on the intrinsic value of the domestic currency. “There is something called intrinsic value of rupee. The intrinsic value of rupee comes from its purchasing power. The intrinsic value of rupee in Real Effective Exchange Rate (REER) term could be somewhere between 58-60,” he said.

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