How has the rupee moved and who feels it most?

Which costs rise quietly before rupee pain?

Is rupee volatility worse than steady decline?

Do RBI rate cuts offset kitchen inflation?

How should importers hedge with rupee at 92?

Can rupee swings hit EMIs despite stable rates

Should family rethink foreign education costs?

Can SIPs offset FPI exits, middle class 2026?

Should small savers rethink money parking now?

 How will the rupee behave in 2026?

Conclusion

Credits

In 2025, the Indian rupee has quietly become Asia’s worst-performing currency but the real impact isn’t just on trading screens, it’s inside Indian homes. From higher cooking oil prices and costlier foreign education to travel bills and shrinking savings returns, rupee volatility is reshaping middle-class finances in ways few anticipate. Why is the currency weakening despite strong GDP growth, healthy forex reserves, and a manageable current account deficit? Host Anirban Chowdhury talks to Madan Sabnavis, Chief Economist, Bank of Baroda to unpack how import inflation seeps in with a lag, why RBI interventions focus more on volatility than levels, and why currency swings hurt consumers more than a steady decline. With foreign investors pulling billions out, US-India trade talks stalled, and global sentiment overpowering fundamentals, the rupee’s fate may lie beyond domestic control. 

Listen In:

You can follow Anirban Chowdhury on his social media: X and Linkedin

Check out other interesting episodes from the host like

Battle Beyond Borders, Peace Perished: Explaining the Pahalgam Terror Attack, Corner Office Conversation with Sridhar Vembu, CEO, of Zoho Corporation, Rebel Foods’ chief on Building Brands, Tech, and an IPO on the Horizon and much more.

Catch the latest episode of ‘The Morning Brief’ on The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.

In 2025, the Indian rupee has quietly become Asia&rsquo;s worst-performing currency but the real impact isn&rsquo;t just on trading screens, it&rsquo;s inside Indian homes. From higher cooking oil prices and costlier foreign education to travel bills and shrinking savings returns, rupee volatility is reshaping middle-class finances in ways few anticipate. Why is the currency weakening despite strong GDP growth, healthy forex reserves, and a manageable current account deficit? Host Anirban Chowdhury talks to Madan Sabnavis, Chief Economist, Bank of Baroda to unpack how import inflation seeps in with a lag, why RBI interventions focus more on volatility than levels, and why currency swings hurt consumers more than a steady decline. With foreign investors pulling billions out, US-India trade talks stalled, and global sentiment overpowering fundamentals, the rupee&rsquo;s fate may lie beyond domestic control. Listen In: You can follow Anirban Chowdhury on his social media: <a href="https://twitter.com/AnirbanET">X</a> and <a href="https://www.linkedin.com/in/anirban-chowdhury-b5067219/">Linkedin</a>
Check out other interesting episodes from the host like
<a href="https://economictimes.indiatimes.com/news/morning-brief-podcast/morning-brief-podcast-battle-beyond-borders/podcast/121052322.cms?from=mdr">Battle Beyond Borders</a>, <a href="https://podcasts.apple.com/gb/podcast/peace-perished-explaining-the-pahalgam-terror-attack/id1568661777?i=1000704659454">Peace Perished: Explaining the Pahalgam Terror Attack</a>, <a href="https://podcasts.apple.com/us/podcast/corner-office-conversation-with-sridhar-vembu-ceo-of/id1568661777?i=1000731722016">Corner Office Conversation with Sridhar Vembu, CEO, of Zoho Corporation</a>, <a href="https://podcasts.apple.com/in/podcast/rebel-foods-chief-on-building-brands-tech-and-an-ipo/id1568661777?i=1000733234302">Rebel Foods&rsquo; chief on Building Brands, Tech, and an IPO on the Horizon</a> and <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777">much more</a>.
Catch the latest episode of &lsquo;The Morning Brief&rsquo; on <a href="https://economictimes.indiatimes.com/podcast?from=mdr">The Economic Times Online</a>,<a href="https://open.spotify.com/show/6PL5kfPbwURBEu6fHCVTOL?si=26ec0fbfa7134fea"> Spotify</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777">Apple Podcasts</a>, <a href="https://www.jiosaavn.com/shows/the-morning-brief/1/GNPiFQD2xpY_">JioSaavn</a>, <a href="https://music.amazon.in/podcasts/f378141f-9afb-495d-83da-9b08ec5047ac/the-morning-brief">Amazon Music</a> and <a href="https://www.youtube.com/@theetpodcasts">Youtube</a>.

To make sense of the week’s hottest stories in business, economy, politics and markets, journalists from the Economic Times chat with reporters and industry leaders in this thrice-weekly (Tuesday, Thursday, Friday) podcast.

The Morning Brief

How Will a Volatile ₹ Impact You in 2026?

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