From the Opinions Editor: The rupee’s problems run deep. RBI’s actions cannot stem its slide

What Happened

Despite the US dollar weakening significantly in 2025, India's rupee unexpectedly depreciated to 89.91 against the dollar, falling out of step with other emerging market currencies like the Chinese yuan and Brazilian real. The rupee's structural challenges extend beyond immediate external shocks, reflecting deeper domestic issues including inflation and current account deficits.

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