The Indian rupee lost 6% of its value in 2026, reaching a record low of 96.96 in May. Raghuram Rajan advises against depleting reserves to defend the currency. It is the second-worst performing currency in Asia.
https://www.business-standard.com/finance/news/india-should-not-deplete-reserves-to-defend-rupee-says-raghuram-rajan-126102700652_1.html
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https://www.business-standard.com/finance/news/india-should-not-deplete-reserves-to-defend-rupee-says-raghuram-rajan-126102700652_1.html
Image:
#rupee #asia #currencies #india
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