Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: Stake sales to test Modi’s political will, Shumita Sharma Deveshwar, 10 Aug 2017
* India: Competition with China enters new phase, Amitabh Dubey, 3 Aug 2017
* India: Smooth GST rollout masks important risks, Shumita Sharma Deveshwar, 27 Jul 2017
* India: Politics hampers RBI’s battle for credibility, Shumita Sharma Deveshwar, 13 Jul 2017
* India: Food deflation changes electoral dynamics, Amitabh Dubey, 7 Jul 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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