Misguided rhetoric on rupee: Clearing doubts on depreciation, RBI action

Let us look at the data. We find out technically that there was a regime shift in terms of movements in the value of the rupee when it crossed 80 to the dollar in August 2022

Rip Van Winkle, the protagonist of Washington Irving’s short story, “Rip Van Winkle”, was a native Dutch American often at loggerheads with his estranged wife, over time having inculcated a rewarding habit of avoiding useful works. Wandering to Catskill mountains one day, accompanied by his dog Wolf, Van Winkle discovers a thunderous party underway and immediately helps himself with free drinks and falls asleep, only to awaken a good 20 years later. Rip Van strolls back to the village and adapts himself quickly with a new transformed world and declares himself a loyal subject of King George III, unaware of