Rupee Strength Cuts India Dependence on World by Most Since 1991

  • Real effective exchange rate strengthened 6% since April
  • “We are losing our competitive edge,” export group says

A customer holds an Indian one-hundred rupee banknote in a vegetable market in Mumbai, India.

Photographer: Dhiraj Singh/Bloomberg

The dependence of India’s economy on the rest of the world fell by the most since 1991 this year. Blame the rupee.

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