Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India In charts: No easy fix for the economy as polls approach, Shumita Sharma Deveshwar, 30 Nov 2017
* India: New Congress takes the fight to the BJP, Amitabh Dubey, Shumita Sharma Deveshwar, 27 Nov 2017
* India: State banks still stand on shaky ground, Shumita Sharma Deveshwar, 9 Nov 2017
* India: On the road in Uttar Pradesh: GST woes hurt Modi’s popularity in busy poll season, Shumita Sharma Deveshwar, Amitabh Dubey, 26 Oct 2017
* India: Fiscal policy puts Modi at odds with RBI, Shumita Sharma Deveshwar, 12 Oct 2017

See all our India research >>

A weak rupee is here to stay

Overview

The Indian rupee over the past month has faced its worst slide since the global financial crisis hit in late 2008: it dropped by 7 per cent in September. The currency will depreciate further, or at best stay at its current level over the next three to six months. This is broadly in line with our frequently stated views about the most important drivers for the rupee, which are the central bank’s policy of benign neglect towards the exchange rate and the worsening global economic...

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