The RBI's Rupee Reversal: A Calculated Gamble or a Cautious Call? The Indian rupee has been on a downward spiral for months, losing ground to the dollar and sparking concerns about the country's economic growth.
Reserve Bank of India Governor Sanjay Malhotra has suggested that the rupee may now be undervalued following its recent depreciation.
This assessment is more than just a technical exercise; it raises questions about the RBI's approach to currency management and the broader implications for India's economy.