The Indian Rupee’s Slide: Unpacking Economic Pressures and RBI’s Strategic Response
The Indian Rupee (INR) has experienced significant depreciation against the US Dollar in recent months, driven by a confluence of global economic headwinds, persistent foreign portfolio investment (FPI) outflows, and widening trade deficits, prompting the Reserve Bank of India (RBI) to actively intervene in the foreign exchange market to stabilize the currency and mitigate broader…