Why there is no reason to panic over the rupee – The Indian Express

(This article first appeared in The Indian Express on July 20, 2022) 

The geopolitical conflict underway since February 24 has thrown financial and energy markets across the world into a tizzy. A direct casualty of the Ukraine war is that the Indian rupee has now depreciated by 5.6 percent against the dollar. In terms of relative performance, however, the rupee has done quite well compared to most of its counterparts — barring the Indonesian Rupiah…

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