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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.
Indian rupee to stabilise in future despite losing 44% value against USD in past two decades

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