1/2 Is the rupee really in free fall — or being carefully managed?

Markets panic. The IMF labels it a “crawl.”
But what’s actually happening behind the scenes?

#IndianRupee #USDINR #MichaelPatra #RBIPerspective #ExchangeRatePolicy #IndianEconomy #MacroIndia #CurrencyMarkets

BasisPointInsight.com - A Nervous Rupee Meets an Uncomfortable Silence by V Thiagarajan The rupee’s slide toward 90 underscores a central truth: currencies are not just reflections of fundamentals. They are also mirrors of policy signalling, global crosswinds, biases, and narratives. b...

2/4 What feels like an “invisible tax” on aspiration reflects something deeper: markets no longer understand the RBI’s exchange-rate playbook. When behaviour shifts but communication doesn’t, silence becomes a signal, and speculation fills the gap.

#PolicySignals #MacroIndia

BasisPointInsight.com - Why OMOs Matter in This MPC by Madhavi Arora In a cycle where the headlines flatter to deceive, the liquidity stance, even more than the repo rate action, will do the heavy lifting. by Madhavi Arora, BasisPointInsight.com

2/4 Liquidity has slipped into its tightest zone in months — squeezed by FX intervention, forward-book maturities, and seasonal currency demand — just as credit needs rise and state borrowing peaks.

#RBIWatch #MacroIndia #BondMarkets