Rupee's Depreciation Will Continues Into 2024: Gambhir

The video discusses the expected depreciation of the Indian rupee in 2024 due to a wider current account deficit and weak capital inflows. It examines the impact of global currencies like the dollar and yuan on the rupee, and the potential effects of China's reopening on foreign direct investment. The Reserve Bank of India's management of currency reserves and its terminal rate policy are also analyzed, with expectations of a mild rate hike in February.

What is the primary reason for the expected depreciation of the Indian rupee in 2024?

• A strong Indian economy

• Increased foreign investments

• A wider current account deficit

• A strong dollar index

How might China's reopening impact the Indian rupee?

• It will only weaken the rupee

• It could both strengthen and weaken the rupee

• It will only strengthen the rupee

• It will have no impact on the rupee

What action by the RBI could accelerate the rupee's depreciation?

• Building up reserves

• Increasing interest rates

• Reducing foreign investments

• Strengthening the dollar

What is the expected range for the RBI's terminal rate?

• Between 8% and 8.5%

• Between 7% and 7.5%

• Between 6% and 6.5%

• Between 5% and 5.5%

What is the likelihood of a rate hike by the RBI in February?

• Possible but data-dependent

• Already decided

• Unlikely

• Certain