Rupee Depreciation Current Affairs for UPSC
A complete UPSC revision trail for Rupee Depreciation: 4 published analyses, their syllabus connections and closely related themes.
Where this topic fits in the UPSC syllabus
Complete coverage and analysis
Newest first. Open each article for concepts, evidence, Mains questions and related reading.
RELIEF Scheme Explained: Export Insurance, West Asia Risks and India’s Trade Costs
India has extended RELIEF Component II until March 2027 to support eligible exporters facing West Asia disruptions. The measure combines enhanced ECGC risk cover with premium protection, while high logistics costs continue to squeeze export margins.
Capital Gains Tax Explained: Why Dollar Returns Matter for Foreign Investors
Reported pre-Budget discussions include reducing long-term capital gains tax and changing how foreign investors' currency-adjusted gains are measured. These remain proposals; the issue connects investment returns with exchange rates, tax equity, public revenue and market confidence.
RBI FCNR(B) Swap Window Explained: Banks Raise $17.4 Billion to Shore Up the Rupee
Indian banks have mobilised about $17.4 billion in fresh Foreign Currency Non-Resident (Bank), or FCNR(B), deposits under a special Reserve Bank of India (RBI) swap window opened to attract foreign capital, support a weakening rupee and rebuild foreign exchange reserves. Along with overseas foreign currency borrowings and external commercial borrowings, total inflows through the concessional swap facility reached $20.72 billion up to 17 July 2026. This article explains what FCNR(B) deposits are, how the swap and hedging mechanism works, the macroeconomic context of rupee pressure and falling reserves, and how the scheme compares with the RBI's 2013 measure.
Southwest Monsoon 2026: Why a 42% Rain Deficit Worries the RBI on Growth, Inflation
The Reserve Bank of India's June 2026 Bulletin, in its "State of the Economy" article, has cautioned that an adverse south-west monsoon could weigh on India's growth and inflation outlook. The warning comes as nationwide cumulative rainfall has fallen to 42% below the Long Period Average as on 21 June, even as heavy rain triggers landslides in Meghalaya and floods in Assam. The same bulletin disclosed that the RBI net sold $8.94 billion in April to defend a record-low rupee. This article explains the southwest monsoon's mechanism, the El Niño link, how a weak monsoon transmits into food inflation and slower growth, the RBI's forex defence and monetary-policy response, and the buffers that cushion India this year.
Use this as a revision trail
- Start with the newest analysis to understand the present trigger.
- Read older coverage to track how the issue, policy and arguments evolved.
- Open the syllabus links above and turn recurring evidence into Mains notes.