The rupee’s recent decline against the US dollar might be due to strategic moves by the Reserve Bank of India to boost export competitiveness. The RBI is believed to have intervened to address the rupee’s overvaluation, reflected in a high REER. The interventions appear to have reduced the REER, making Indian exports more competitive. The rupee’s recent decline against the US dollar might be due to strategic moves by the Reserve Bank of India to boost export competitiveness. The RBI is believed to have intervened to address the rupee’s overvaluation, reflected in a high REER. The interventions appear to have reduced the REER, making Indian exports more competitive. Economic Times
