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India's Rupee Is Seeing Correction in Some Sense, Says RBI's Malhotra
Posted
October 15, 2025
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1:51Now PlayingReserve Bank of India Governor Sanjay Malhotra says the rupee is undergoing a “correction, in some sense” as it had largely remained “range bound,” while other emerging markets currencies had depreciated in response to the US tariffs.
The RBI says weakness in the rupee is driven by speculative attacks, according to a person familiar with the matter. Malhotra spoke at an IMF event in Washington DC.
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