RBI Changes Game Plan: Watching Rupee Drop Instead of Defending

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RBI Changes Game Plan: Watching Rupee Drop Instead of Defending

The RBI is switching gears! Instead of trying to save the rupee's value, they're watching how fast it tumbles. It hit a record low of 91.7450 against the dollar but managed to bounce to 91.55. Experts think it could drop to 94 by year's end. With investments slowing and trade deals stuck, RBI has spent a fortune to keep it steady but is now taking a laid-back approach.

| Bloomberg