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Explainer: Why is rupee falling against the greenback despite weakness in dollar index?
According to Anil Kumar Bhansali and Anuj Gupta, the rupee has dropped by nearly 70 paise (0.84%) over the last three months and 0.70% quarter-to-date. Meanwhile, the Dollar Index (DXY) has weakened against major currencies due to upcoming US elections and expectations of a Federal Reserve rate cut.