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ET Explainer: How current account deficit influences rupee's movement

The Indian rupee remained stable in 2023 due to the narrowing current account deficit and strong economic fundamentals. The rupees performance was positive, and its strength is attributed to sound economic fundamentals and the moderation of the current account deficit.
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NRIs will have to live with rupee at sub-20 a dirham level for now

Rupee remains passive even as Indias stocks shot up higher after RBI decision Published:ย  February 05, 2021 09:14 Last updated:ย  February 05, 2021 14:24 Gulf News Report Rupees sticking to a range now, even as NRIs wait for it to go back to 20 and over to a dirham. Image Credit: Shutterstock Dubai: Indian expats in the UAE will have to make do with the rupee at 19.75-19.87 levels for now, with Indiaโ€™s central bank ...
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