India’s rupee defence faces tough test as capital flows stall
India's rupee faces sustained pressure as weak capital inflows and elevated oil prices strain the balance of payments. Despite RBI intervention, deficits are expected to widen for a third year, limiting policy flexibility. Analysts foresee further depreciation, with forecasts pointing to continued weakness amid global outflows and persistent external vulnerabilities. India's efforts to steady the beleaguered rupee are likely to…
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