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Maroc Maroc - WN.COM - Asia - 26/Mar 07:30

Explainer: Why is the Indian rupee sliding so sharply?

The Indian rupee’s slide toward the 94-per-dollar mark has emerged as one of the most closely watched market signals for investors, policymakers and millions of overseas Indians — especially the large UAE-based diaspora. The currency’s weakness reflects a powerful mix of surging oil prices, a strong US dollar, foreign capital outflows and rising geopolitical tensions in the Gulf, raising important questions about inflation, remittances and the outlook for Asia’s third-largest economy. Stay up to date with the latest news. Follow KT on WhatsApp channels. Here’s a clear question-and-answer guide to what is driving the rupee’s decline and what it means for markets and households alike. Why has...

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