Rupee far more flexible now, exchange rate should be first defence: IMF

IMF Asia and Pacific Director Krishna Srinivasan says the rupee's exchange rate has shown 'much more flexibility' since its arrangement was reclassified as 'crawl-like' from 'stabilised' last year. He said letting the currency move is better, as interventions have offered Asian economies little relief. He also stressed labour reskilling to tackle skill mismatches amid AI advances.