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Daily Briefing: NEET leak probe deepens as beautician link emerges; Kota faces retest rush

7 min readNew DelhiMay 18, 2026 09:05 AM IST
First published on: May 18, 2026 at 09:05 AM IST

Good morning,

As the rupee slides sharply against the US dollar and edges closer to the 100-mark, policymakers are grappling with the consequences of years of aggressive currency management by the RBI. After keeping the rupee largely stable between 81 and 83 through heavy forex intervention during 2023 and 2024, the currency has now weakened rapidly amid geopolitical tensions, weaker capital inflows and a deteriorating balance of payments position. Economists say the market is now pricing in the depreciation that was delayed earlier, while warning that a further fall could push up crude import costs, fuel inflation and dent investor confidence. Many experts argue that long-term structural reforms and stronger foreign inflows, rather than prolonged intervention, are key to stabilising the rupee.


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