Rupee Slips: Will RBI Revive Dollar-Boosting Schemes Amid FPI Outflow?

• Indian Rupee depreciation raises concerns for the government and RBI.
• FPI outflow, stock market underperformance, and rising gold demand are key reasons for the rupee's weakness.
• India's forex reserves are strong at approximately $728 billion, covering 8-9 months of imports.
• Past measures include Resurgent India Bonds (1998), Millennium India Bonds (2000), and the 2013 dollar-swap scheme.
• No immediate panic, but RBI and government should prepare dollar-attracting schemes for future rupee support.