IMF

The IMF says the rupee should be India's first line of defence against the energy shock, while keeping its India growth forecast at 7 percent.

IMF India exchange rate advice: the fund told India to let the rupee move as the first line of defence amid the ongoing oil shock, not burn reserves.

India is on course for six straight years of 7%+ growth, economists say, putting it on track to become the world's third-largest economy around 2030.