Currency Indian rupee to stabilise in future despite losing 44% value against USD in past two decades Updated : July 22, 2020 05:33 PM IST The Indian rupee began to stabilise only after 2013, when the the Reserve Bank of India emphasised inflation-targeting regime under then-Governor Raghuram Rajan. Two primary reasons behind rupee depreciation, as noted by the brokerage are high inflation and negative current account dynamics. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.