{
  "id": 16552898,
  "title": "Rupee much more flexible now, FX rate should be first line of defence: IMF’s Srinivasan",
  "url": "https://urgent.news/2026/10/26/rupee-much-more-flexible-now-fx-rate-should-be-first-line-of-defence",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T01:57:54.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/business/imf-krishna-srinivasan-interview-rupee-exchange-rate-ai-jobs-china-growth-10936751/"
  },
  "original_language": "en",
  "account": "IMF official Krishna Srinivasan says the Indian rupee now enjoys greater flexibility after last year's reclassification as \"crawl-like\" from \"stabilised\". While Srinivasan deferred to the IMF's Article IV consultation team's exchange rate assessments, he stated that allowing the currency to fluctuate is preferable, adding that multi-country interventions have offered little relief. The IMF's regional economic outlook highlights challenges in creating jobs through the export-led manufacturing model, particularly as youth unemployment remains high in Asia. With relatively limited intra-regional trade (30%) compared to mature economies, Srinivasan emphasized potential benefits from increased integration to support manufacturing-led exports and job creation. He also discussed the importance of addressing the skills gap, especially in light of AI advancements impacting labor demand.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}