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Former RBI Governor Duvvuri Subbarao suggests the Reserve Bank should permit further rupee depreciation to manage external shocks, prioritizing liquidity measures over immediate rate hikes if inflation escalates. He emphasizes that a weaker rupee acts as a natural shock absorber, and communication is key to maintaining confidence amidst volatility.
Nomination assumes greater importance in the context of gratuity, given that it is a long-term benefit and often represents a significant financial entitlement.
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