Rupee headed to 100? How much the psychological red line matters
The Economic Times has reported a new India-focused economy development: “Rupee headed to 100? How much the psychological red line matters.” The publisher's feed describes the story as follows: India's rupee has slipped past ₹96 as high US Treasury yields, elevated oil prices and foreign portfolio outflows strengthen the dollar. The IMF says India can allow the exchange rate to act as a shock absorber, while the RBI weighs intervention against reserves, inflation and external risks. Experts deb
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