Mint Explainer: Why the risk of further rupee depreciation may be overblown
- Amid global pressures and a tumultuous 2022, the rupee's valuation faces scrutiny.
Is it geopolitics or geoeconomics? Over the past few days, several analysts have raised the possibility of a further significant fall in the rupee's exchange rate, currently hovering at ₹83.13-83.18 to the US dollar. But this must be seen in a broader perspective.