Why is Indian rupee weakening when the economy is strong?

Apr 18, 2024 | 15:31 IST

Geopolitical tensions in West Asia, their impact on crude prices, expected postponement of US rate cut and continuous selling by FIIs are some of the reasons why rupee is so volatile right now

The rupee's value versus the dollar is near its lowest point ever, even while stock valuations are still high. In 2024, the markets have been marked by a paradox, as the rupee has weakened despite gains in the equity markets and rising foreign exchange reserves.

However, the sentiment about the rupee remains positive despite its fall.

/business/india-business

TOI

TOI

Why is Indian rupee weakening when the economy is strong?

Geopolitical tensions in West Asia, their impact on crude prices, expected postponement of US rate cut and continuous selling by FIIs are some of the reasons why rupee is so volatile right now

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TOI

Why is Indian rupee weakening when the economy is strong?

Geopolitical tensions in West Asia, their impact on crude prices, expected postponement of US rate cut and continuous selling by FIIs are some of the reasons why rupee is so volatile right now

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