SBI warns structural fixes needed as rupee slide fuels inflation and threatens balance of payments

Rupee weakness is only the symptom, SBI says

SBI has called for structural measures to tackle India’s economic strains, warning that rupee depreciation is driving imported inflation and pressuring the balance of payments. Economists also flag risks of a widening current account deficit ahead. The bank argues that monetary and policy action must go beyond reacting to currency moves to protect price stability.