Why India’s Modi stands by the dollar even as it consistently affects his economy negatively

India’s Prime Minister Narendra Modi has tied his economic policies to the U.S. dollar, even as it drags his country’s financial health through the mud. The rupee, once the pride of the nation’s monetary system, now sits at a pitiful 86.59 against the dollar, an all-time low. Inflation is choking the average Indian, trade deficits […] source: https://www.cryptopolitan.com/why-india-modi-stands-by-the-dollar/