Rupee’s record lows mask currency’s trade-weighted overvaluation

The index tracking the rupee’s value against a weighted basket of 40 trading partners, adjusted for inflation, climbed to 107.33, its highest level since December 2017, according to Reserve Bank of India data. The index tracking the rupee’s value against a weighted basket of 40 trading partners, adjusted for inflation, climbed to 107.33, its highest level since December 2017, according to Reserve Bank of India data.  Economic Times