Explained: The FX-rated debate between IMF and RBI

IMF thinks RBI did too much to keep the rupee sort-of-stable when pretty much every currency was getting hammered by a sharply rising dollar. But RBI disagrees with the conclusions of the Fund’s latest Article IV report — IMF’s annual assessment of a country’s macroeconomy. Why did IMF critique RBI and what’s RBI got to say about it?
So, what did IMF find?