E Rupee News

The Reserve Bank of India should restrain its active forex intervention, while the government needs to frame policies aimed at attracting more dollars. It’ll also help to tone down the rhetoric that equates the rupee’s strength with national strength.

India’s stock market has begun 2025 on a cheerful note, fed possibly by a spot of good news on the economy. Whether it marks a market upturn is impossible to make out.

Globalization stares at further reversals even as India’s economy needs an export-led boost. Advocacy of friction-free and low-barrier trade would serve our interests and also be a tribute to the liberalizer’s legacy.

It has fallen against the dollar but its real effective exchange rate, vis-a-vis a basket of currencies, is at a peak. Is this too risky? That’s a call for RBI to take.

Crypto tokens pegged to the rupee offer notable benefits like ease-of-use, low transaction cost and relatively stable value. If we put a regulatory framework in place, such stablecoins could work alongside the central bank’s e-rupee.

From central bank actions and a stock market boom to India’s growth ambitions and Trump’s policy ideas, there was plenty that could inspire a Shakespearean review of the year.

To Mint Street’s credit, India resolved a macro trilemma in its own special way—keeping all three settings of an ‘impossible trinity’ in a grey zone. Recalibrate this for a more market-priced rupee if the expected trade gains outweigh the short-term risk of price instability.