Synopsis India’s economic growth remains strong despite a weakening rupee. This decline is not supported by the country’s macro fundamentals. The article explores potential solutions, including targeted bond offerings and alternative payment systems. It suggests that a multipolar world order and collaboration among nations can help support regional currencies and reclaim space on the global stage. Amid a raging war in West Asia, India’s growth envisaged for FY27 remains hardwired at 7%+. GoI and RBI have shown acumen and coordination since 2020. The question now is whether the current value of rupee correctly reflects India’s macro fundamentals. In fact, EM…
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