Mentor’s comment- https://www.financialexpress.com/opinion/the-heat-is-on-hard-to-see-when-the-pressure-on-the-rupee-will-ease-despite-rbis-efforts/2585524/ In the intro, mention the rupee touching the lowest ever value in recent times. In the body, mention the factors such as rising inflation in the US, rising oil prices, withdrawal of investment from equity market, decreasing forex etc. In the next part mention challenges such as fear of the US fed … Continue reading Q.3 What are the factors responsible for the recent fall in the value of rupee? Why intervention in the foreign exchange market by the RBI is unlikely to yield the desired results? (10 Marks)