As ₹ economy not dependant on US doesn’t matter a lot for emerging economies. As India has huge forex reserves for time being RBI take some action to control but in long term it will depreciate to $
Even if we don’t depend on US, USD is the reserve currency of the world and everything we import is priced in USD and therefore it matters a lot.
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Now $ will be depreciating further new currency / multi currency viz RMB hav scope to expand + BRICS currency if BRICS currency stabilize then it will weaken US economy further $₹ will depreciate. RMB also can expand for that reforms needs to be stabilized. For RMB to go down same us picture shud replicate to China
Also Joker wants weaker $ so that it benefits US in many ways but simultaneously it will impact on inflation uncertainty reliable on $ which internally economy can manage
So as far compared it will not impact major economies still countries now tying up with each other reducing the reliability from US
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Its a trade off. Monetary policy cannot be entirely accomodative. Evidently, RBI has let the rupee fall while providing support aganist key volatility. Their recent liquidity and swap measures is an indication this depriciation is short lived. Moreover, when trade deal happens, significant appreciation is pending.
While traders pointed to state-run banks in India intermittently offering dollars, their Chinese counterparts were seen lapping up dollars instead, underscoring the divergent fortunes and outlooks for the currencies of the two Asian giants.
The yuan was hovering at the 7 per dollar mark, up about 4% on the year against the greenback and more than 9% against the rupee so far in 2025.
indian goverment to look the rupee deprection seriousely , other wise its will trouble like Iran
RBI And SEBI always worry about retailer loss - not Rupee
Dollar isn’t the issue. It’s rupee that’s devaluing. If you take the gold standard, i.e., the gold, rupee devalued much more against it than the dollar did. It’s about purchasing power. The amount you could purchase from outside reduced significantly. BRICKS backed by Gold would be joke. Rupee would’ve devalued against Bricks currency much more than it did against the dollar just this month alone, because of Gold backing. Something like Executive order 6102 or 6814 would be of interest to the government though.