Even as the rupee on Thursday hit its fresh all-time low of 90.43, SBI Research said a falling rupee is not a weak rupee. It said that though the rupee is the most depreciated currency among select major economies, it is not the most volatile, and a high tariff of 50% imposed on India is one of the major factors behind the current phase.

It also said domestic resilience needs to be counterintuitive to exogenous forces.

“A sliding rupee is not necessarily a weak rupee, even as it breaches the psychological barrier of 90. Domestic resilience needs to be counterintuitive to exogenous forces. A rate cut may impinge upon market sentiments, although an inflation-targeting central bank’s responsibility is not currency management," SBI Research said in its report.

According to the report sinc

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