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The Economic Times

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Rupee headed to 100? How much the psychological red line matters

India's rupee has slipped past 96 as high US Treasury yields, elevated oil prices and foreign portfolio outflows strengthen the dollar. The IMF says India can allow the exchange rate to act as a shock absorber, while the RBI weighs intervention against reserves, inflation and external risks. Experts debate whether gradual depreciation could improve competitiveness without triggering imported inflation.

5 Oct 2026 1:51 pm