INR/USD: Why India’s Rupee Is So Weak and What the RBI Is Doing
A country whose economy is expanding faster than those of its peers would typically expect its currency to strengthen. India’s growth has outstripped even that of manufacturing powerhouse China, yet...
By Bhaskar Dutta and Malavika Kaur Makol · Bloomberg Markets
A country whose economy is expanding faster than those of its peers would typically expect its currency to strengthen. India’s growth has outstripped even that of manufacturing powerhouse China, yet the rupee has weakened every year since 2018.