Interest rate hikes will not address real concerns underlying the rupee fall. Instead, they will harm the domestic economy

Imported inflation, fragile manufacturing and unequal burdens complicate textbook arguments supporting unrestricted currency depreciation across India. India’s exchange-rate…

The Indian rupee and dollar-rupee forward premiums declined as importer hedging, foreign portfolio outflows, and likely central bank interventions across FX market segments…

Despite the interventions, traders reckon the pressure on the rupee will persist in the near term as capital flows remain weak and uncertainty over the Middle East conflict…

Interest rate hikes will not address real concerns underlying the rupee fall. Instead, they will harm the domestic economy

The Reserve Bank of India will let the rupee's value be set by the market. It will only step in if trading becomes too unstable. Simultaneously, the RBI is introducing new plans…