If I understand this correctly, the exchange rate changes are more related to rate hikes in US and the amount of dollar based debt.https://en.wikipedia.org/wiki

If I understand this correctly, the exchange rate changes are more related to rate hikes in US and the amount of dollar based debt.https://en.wikipedia.org/wiki/External_debt_of_India#Currency_composition https://en.wikipedia.org/wiki/External_debt_of_India#Currenc... Plus US is one of India's larger trade partners (https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_India#Countries_of_which_India_is_the_largest_trading_partner https://en.wikipedia.org/wiki/List_of_the_largest_trading_pa...) where payments will be USD. I can't see this having a huge shift on the exchange rate, but hope to see it stabilize soon.