Rupee Stability and India’s Export Rebalance
Rupee Stability Demands Export-Led Economic Rebalancing Why in the News? Despite high GDP growth, low inflation, and a manageable fiscal deficit, the Indian rupee has emerged as Asia’s worst-performing currency. Falling FDI, sustained FPI outflows, and a widening trade deficit have raised concerns about India’s overdependence on volatile capital inflows to stabilise its currency. India’s …
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