Rupee@80, but it has seen sharper falls1 min read . Updated: 20 Jul 2022, 12:16 AM IST
As earlier reported by Mint, it’s not the depreciation but the pace of rupee volatility that the RBI is watchful of. It has introduced a slew of measures to stabilize the rupee, whose sliding adversely affects foreign reserves and import bills.
The rupee weakened below the psychologically critical barrier of 80 against the dollar for the first time in the spot market on Tuesday morning. While the recent depreciation has been rapid, it may not be as fast as some other phases in the past 25 years, a Mint analysis suggests.
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