InvestorQ : Why has the rupee weakened so suddenly?
Ria Jain made post

Why has the rupee weakened so suddenly?

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Dia Deshpande answered.
8 months ago
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The INR fell for the 4 days in succession to 74.58/$ on fears of spike in COVID-2.0 cases. US Dollar also strengthened on the $2.3 trillion infrastructure push. On 07 April, the INR tanked by 105 paisa on fears that the GSAB could expand rupee liquidity and reduce rupee demand. FPI interest in Indian equities also has been tapering since late Feb-21.

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