HOW RBI is keeping the RUPEE Strong?

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The Indian rupee fell to a new record low of 82.26 US cents per dollar, continuing its long downward trend.

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Compared to Euro, GBP, etc., the Indian rupee performs better versus the USD.

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The US government is raising interest rates to eliminate the surplus money it generated during COVID, which fueled excessive inflation..

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This trend explicitly shows the appreciating US dollar, not the failure of other currencies.

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What is the RBI doing to preserve the rupee versus the USD?

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Rupee-dollar exchange rate stabilisation by the sale of foreign exchange reserves

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India's foreign exchange reserves totaled $641 billion in September 2021 and $553 billion in September 2022.

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Inflation might arise if the RBI continues to allow the Rupee to decline.

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