Indian Rupee Faces Broad Depreciation Amid Capital Outflows and Regional Currency Shifts
Broad Currency Depreciation Challenges India’s Economic Stability The Indian Rupee has entered a period of sustained volatility, recording a decline of more than 10% against regional currencies including the Pakistani Rupee and the Bangladeshi Taka over the past year. As of this week, the currency has weakened significantly in spot trade, nearing the 97-per-dollar mark,…