An Appreciating Rupee and Atmnirbharta Don’t Go Together
One dollar was worth around Rs 77.6 in mid-April. Since then, the rupee has appreciated against the dollar and now one dollar is worth around Rs 73.5. In a press release on August 31, the Reserve Bank of India (RBI) explained the mystery of the appreciating rupee by saying: “the recent appreciation of the rupee ...
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