The rupee is no longer overvalued: Why this may help India
The Indian rupee has shifted from being overvalued to undervalued, now trading around 95.9 to the dollar after a period of depreciation. This change may enhance Indian exports and improve domestic manufacturing competitiveness against imports, although its impact remains uncertain. The Reserve Bank of India Governor Sanjay Malhotra noted that the rupee's undervaluation could be beneficial once geopolitical tensions stabilize in West Asia.