India posted strong 8.2% real GDP growth in Q2 FY26, but rupee depreciation trimmed its dollar GDP, keeping Japan narrowly ahead in the April-September comparison
If movements in the exchange rate can help equilibrate "external balances", monetary and fiscal policy is freed up to focus on trying to achieve "internal balance"
On Monday, the rupee advanced amid reports that the RBI resumed efforts to support currency via overseas and onshore markets
The rupee clawed back some losses after the RBI intervened heavily in spot and NDF markets, helping arrest its slide toward 90 per dollar even as global dollar strength
Possible US trade deal may help lift Indian currency, say experts
RBI's absence in the market may be behind the sharp fall
Rupee sees sharp fall: The domestic currency fell as much as 83 paise to 89.54 on Friday, according to Bloomberg
Indian Rupee today: The domestic currency opened four paise lower at 88.63 against the greenback on Thursday
Indian Rupee today: The domestic currency closed two paise higher at 88.59 against the greenback on Wednesday, according to Bloomberg
Indian Rupee today: The domestic currency opened 4 paise higher at 88.57 against the greenback and rose to 88.53 in opening deals
Indian Rupee today: The domestic currency closed 3 paise higher at 88.61 against the greenback on Tuesday, according to Bloomberg
Indian Rupee today: The domestic currency opened 2 paise lower at 88.66 against the greenback on Tuesday
Indian Rupee today: The domestic currency closed 10 paise higher at 88.64 against the greenback on Monday
Indian Rupee today: The domestic currency opened 3 paise higher at 88.71 against the greenback on Monday
Indian Rupee today: The domestic currency closed 8 paise lower at 88.74 against the greenback on Friday
The biggest risk to the bottoming out of the rupee, Wood believes, is the continuing resort to handouts in state election politics which have been a feature for the past two years
Indian Rupee today: The domestic currency opened 6 paise lower at 88.72 against the greenback on Friday
Indian Rupee today: The domestic currency closed 3 paise lower at 88.66 against the greenback on Thursday
Indian Rupee today: The domestic currency opened 2 paise lower at 88.65 against the greenback on Thursday
Indian Rupee today: The domestic currency closed 7 paise lower at 88.63 against the greenback on Wednesday