Supporting the rupee requires RBI to deplete reserves, Gita Gopinath argues

Traders Union
All News
Market Voices
RBI holds power over forex reserves

Top Stories

Editors' Picks

Crypto News

Financial News

Currencies

Market Voices

Billionaires

Companies

Regulators News

18.05.2026

Supporting the rupee requires RBI to deplete reserves, Gita Gopinath argues — RBI holds power over forex reserves

Gita Gopinath, first deputy managing director at IMF, examines the dynamics of India's foreign exchange reserves in her latest op-ed.

She states that only the Reserve Bank of India has the ability to deplete the country's reserves, and the critical policy issue is whether to do so in order to support the rupee. Gopinath makes the case that current conditions provide sufficient grounds to consider allowing the rupee to adjust without actively depleting reserves.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Gopinath has previously discussed how financial risks can stem from gross capital flows even when net flows appear minimal, as detailed in a recent report. She has also challenged common views on global currency markets, stating there is no such thing as the petrodollar. These comments reflect her ongoing analysis of international financial mechanisms.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

How precious-metals mining revival is reshaping portfolios in 2026

By Ciaran Ryan
14 hours ago

How precious-metals mining revival is reshaping portfolios in 2026

Editors' Picks

Bitcoin price prediction after CPI rise: Is BTC headed for deeper losses?

By Mikhail Vnuchkov
18 hours ago

Bitcoin price prediction after CPI rise: Is BTC headed for deeper losses?

Editors' Picks

Five years with Bitcoin: How El Salvador changed after legalizing BTC

By Eugene Komchuk
Yesterday

Five years with Bitcoin: How El Salvador changed after legalizing BTC

Editors' Picks

All Editors' Top Picks

Latest Gita Gopinath News

Gita Gopinath: Disagreement remains between G7 Economists and IMF reports on global imbalances

By Igor Krasulya
3 hours ago

Gita Gopinath: Disagreement remains between G7 Economists and IMF reports on global imbalances

Market Voices

Gita Gopinath: No such thing as the petrodollar concept

By Anastasiia Chabaniuk
27.04.2026

Gita Gopinath: No such thing as the petrodollar concept

Market Voices

Gross flows can create risk even with small net flows, Gita Gopinath notes

By Iryna Sazhynska
20.04.2026

Gross flows can create risk even with small net flows, Gita Gopinath notes

Market Voices

All Gita Gopinath News

Ciaran Ryan
14 hours ago

How precious-metals mining revival is reshaping portfolios in 2026

Mikhail Vnuchkov
18 hours ago

Bitcoin price prediction after CPI rise: Is BTC headed for deeper losses?

Eugene Komchuk
Yesterday

Five years with Bitcoin: How El Salvador changed after legalizing BTC

Anastasiia Chabaniuk
09.06.2026

Crypto on the court: How NBA Finals became a showcase for Ledger

Johnathan Maverick
08.06.2026

How to build wealth from scratch in 3 practical steps

Andrey Mastykin
6 min ago

Steven Lubka: Market sentiment low on SpaceX IPO but potential upside seen

Anastasiia Chabaniuk
7 min ago

Investment cycle to be presented at Gold Coast event, David Bird notes

Oleg Tkachenko
21 min ago

Europe at 5 percent of global AI compute while U.S. dominates, James Pethokoukis notes

Mikhail Vnuchkov
51 min ago

Chinese growth relies on undervalued currency and high savings, Mark Sobel notes

Ashutosh Sureka
1 hour ago

Hot story-driven IPOs often overlooked by Lynch, George Noble writes

Weekly Top Bonuses

Capitalcore

up to $2,500
deposit bonus for all clients

Your capital is at risk.

Top News

Ivan Andriyenko
11 hours ago

U.S. gas exports gain ground in India as Gulf supplies falter

U.S. gas exports gain ground in India as Gulf supplies falter

Parshwa Turakhiya
14 hours ago

Japan crypto bill moves closer to final passage

Japan crypto bill moves closer to final passage

Igor Krasulya
15 hours ago

Inflation pressure pushes ECB toward rate hike

Inflation pressure pushes ECB toward rate hike

Eugene Komchuk
15 hours ago

Police investigate Bithumb chief over hiring of lawmaker's son

Police investigate Bithumb chief over hiring of lawmaker's son

Andrey Mastykin
17 hours ago

U.S. strikes on Iran send Wall Street futures higher

U.S. strikes on Iran send Wall Street futures higher

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

Google doubles down on AI amid stock pressure and regulatory risks

Anton Kharitonov
Now

Microsoft breaks support as pressure on shares intensifies

Mykhailo Ihnatenko
Now

Silver rebounds as Middle East tensions revive safe-haven demand

Anton Kharitonov
Now

Apple remains under pressure despite strong fundamentals

Mykhailo Ihnatenko
Now

AI stocks face first major liquidity test

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.