Why is the rupee weakening? Aurélien Kruse says it’s not unusual. Most emerging market currencies are under pressure as the dollar strengthens - classic “Economics 101” during adverse global shocks. Yes, the rupee has slipped slightly more than peers, but not dramatically. The real issue? A double squeeze - pressure from both the current account and slowing capital inflows like FDI and portfolio investments. And here’s the key trade-off: to support the rupee, India may need to curb oil imports - but that could mean higher fuel prices and lower consumption. Bottom line - the rupee’s fall isn’t alarming, but managing the balance between growth and stability is the real challenge ahead.