The rupee depreciated 4 paise to close at a record low of 85.79 against the US dollar on Friday, as strong dollar demand from importers and a muted trend in domestic equities weighed on investors’ ...
RBI economists found that depreciation in the rupee’s real effective exchange rate (Reer) has historically improved India’s ...
In 2024, the local currency weakened 2.9% but less than 3% depreciation in the Chinese yuan against the dollar.
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