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Ajay Shah on rupee fall, RBI and the truth about currency panic
short by / on Tuesday, 24 March, 2026
As the rupee slides past ₹94/$, economist Ajay Shah argues it’s not a crisis but a natural adjustment to global shocks oil prices, exports, remittances, and capital flows. He says currency depreciation boosts exports, curbs imports, and stabilises the economy. Instead of panic or RBI intervention, markets should be allowed to find equilibrium.
read more at The Core