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Listen to this article in summarized format The rupee has weakened nearly 6% this year. Read more: Rentomojo shares jump 9% after listing at 19% premium over IPO price. Can the debut-day mojo last? "As of March, depreciation to a new fair value had likely been completed - though a sustained terms of trade shock and a loss of 5% in relative AI productivity theoretically translate to another 10% weakening of the REER in a year's time," said Tanay Dalal, economist at the private sector lender. The REER has weakened to 91.8 in July this year from a tad lower of 102 in April 2025. Read more: Retail investors pull Rs 5,674 crore from stocks, invest Rs 12,618 crore into IPOs in July-August Dalal said subsequent terms of trade and productivity shifts could drive further fair value weakening ahead. "Part of the problem might be misalignment of neutral rates required for the domestic growth and inflation balance with global trends," he said. The Reserve Bank of India is estimated to have sold $250 billion since mid-2023 to defend the local currency, nearly double of the inflows seen through the dedicated dollar-inflows programme run between June and August, according to Dalal. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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