A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India has been expanding more quickly than most other Asian economies, including manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018.
A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India has been expanding more quickly than most other Asian economies, including manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018.
A customer counts 100 rupee banknotes after withdrawing them from an ATM in New Delhi, India, on Monday, Feb. 3, 2025. The Indian rupee is expected to weaken further against the dollar, after hitting a new low Monday, as traders bet on interest-rate cuts amid signs the central bank is loosening its grip on the currency under its new chief. Photographer: Prakash Singh/Bloomberg
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