🚨 Former RBI Governor Duvvuri Subbarao (2008–2013) says RBI should let the rupee depreciate naturally according to market fundamentals, rather than trying to hold a fixed level. He warns sharp rate hikes could hurt economic growth, instead RBI should use liquidity tools to manage volatility instead. Subbarao also says RBI should not burn forex reserves defending symbolic levels like ₹100/$, and should stay focused on inflation and long-term stability.(Crypto India)