Depreciation: Indian rupee falls to 10-month low: Why the currency is declining in value and what this means
Updated Apr 15, 2021 | 16:54 IST The remarkable decline in the currency's value has turned it from Asia's best-performing currency (in the previous quarter) to its worst. Representational image. | Photo Credit: PTI Key Highlights The decision of the RBI to maintain a 'dovish' stance and infuse liquidity into the market via its bond program weaned away the rupee's strength FPI outflows have also, in the view of most experts, placed additional pressure on the currency A weakened rupee will, of course, make exports cheaper and therefore more competitive in gl...
Source: timesnownews.com