How the rupee’s fall is ‘real’ this time
Introduction The rupee’s depreciation in late 2024 and 2025 has raised concerns not merely because of its nominal slide but because the Real Effective Exchange Rate (REER) also shows a downward trend. Unlike previous years, when inflation differentials kept the rupee “overvalued,” the REER for 2024-25 has fallen below 100, indicating undervaluation and revealing deeper… Continue reading How the rupee’s fall is ‘real’ this time

