India’s policy framework has held the rupee in fairly good stead and we should aim to improve it
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The EU’s euro just broke parity with the dollar for the first time in about 20 years. The Japanese yen has declined by nearly 20% since the beginning of this year and 30% since the beginning of 2021. The trade-weighted-dollar of the US has risen nearly 10% since its recent trough in June 2021. Large movements of this type among the world’s hard currencies are rare and usually signify a ‘retreat to a safe-haven’.
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