OPINION | A Fragile Recovery: The Rupee’s Illusion Of Strength In A Volatile World

Beneath short-term gains lies a deeper crisis of energy dependence, investor confidence, and policy credibility.

Source : ABPLIVE AI

At first glance, the Indian rupee appears to be staging an impressive recovery. Since late March, it has appreciated by roughly 1.5 per cent, briefly emerging as Asia’s best-performing currency. For a country long accustomed to currency depreciation narratives, this rebound offers a momentary psychological boost. But scratch beneath the surface, and the reality is far less reassuring. The rupee’s recent strength is not a reflection of structural resilience; rather, it is the outcome