Rupee slides amid trade tensions; RBI seen playing a calibrated role

The Indian rupee faces pressure, testing levels near 88.6. Currency experts, like Anindya Banerjee, draw parallels to 2013’s underperformance. Factors include FPI outflows, reduced FDI, and trade disputes with the U.S. Despite a weaker rupee compared to other currencies, optimism remains. The Reserve Bank of India may intervene if the rupee weakens further.