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Reserve Bank of India should not fight so hard for the rupee

Weaker currency would help win share amid tightening export market competition

| India
The rupee has fallen less against the dollar than other major currencies have.   © Reuters

Ritesh Kumar Singh is the founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.

The Indian rupee is weaker than it has ever been against the dollar. Opposition parties argue that this is a sign of a weak economy and that the government of Prime Minister Narendra Modi cannot escape responsibility.

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