Rupee Turns Undervalued Amid Global Economic And Oil Volatility
Why in the News ? The Indian rupee has depreciated sharply over the past 18 months, becoming undervalued according to the Real Effective Exchange Rate (REER). The trend reflects global oil price volatility, geopolitical tensions in West Asia, and changing trade competitiveness of the Indian economy. Rupee’s Recent Movement and Key Drivers ● The rupee…
