#currency depreciation

The Indian Rupee is technically a free-floating currency. Practically, it is a managed free-floating currency.  What does this mean? And why does it matter to you and me? As the exchange rate is inching closer to ₹86/USD, the INR is at its weakest. It is natural for the public to demand action from RBI, the […]

$18 billion gone in a week because RBI wanted to defend the rupee and keep inflation in check.

My politically opinionated father asked me worriedly, “Why has the INR depreciated since the current government took over?” I first said, “Go back a little farther, and you will see that the INR has been depreciating, irrespective of who was running the government.” But is that a bad thing? The words “depreciating” or “falling” INR […]