The rupee is eroding in value despite India’s dramatic growth

The RBI's ineffective currency management: New Delhi should take responsibility A vendor displays various denominations of Indian currency at a roadside currency exchange stall in the old quarters of Delhi, India, February 2, 2026. © Reuters Karan Mehrishi is the author of "The India Collective: What India is Really All About" and the forthcoming "The Making of Monetary Policy in India: Imagining the Future."

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