The rupee exchange rate reflects the value of the Indian rupee against other currencies. It influences trade, investment, and inflation. A stronger rupee can reduce import costs, while a weaker rupee may boost exports. The rate fluctuates based on economic indicators, market sentiment, and government policies. Understanding this rate is crucial for businesses and travellers alike.
The rupee slipping below ₹90 to a dollar has triggered sharp political debate, especially with Parliament in session. Yet, beyond rhetoric, the episode raises deeper economic questions: what...
