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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.