Rupee’s continuing decline takes real effective exchange rate to 12-year low

This decline, along with the cooling inflation in India has taken the rupee’s broad-based real effective exchange rate (REER), at the end of February 2026, to its lowest since July 2014 | Photo Credit: HEMANSHI KAMANI The Indian rupee, which has been on a weak wicket since last year is taking a further hit due to the ongoing West Asia crisis, losing almost 9 per cent over the past 12 months. This decline, along with the cooling inflation in India has taken the rupee’s broad-based real effective...