Rupee’s fall past 90/USD driven by shocks, not weakness: SBI
SBI's Ecowrap report says the rupee slipping past 90 per USD is due to external shocks, tariff-driven pressures and foreign outflows not inherent weakness. Despite its second-fastest fall since 2013, the rupee remains among the least volatile currencies. REER data also shows the rupee is undervalued for a third straight month amid global trade tensions.