New Delhi, March 1 -- The policy shifts by the RBI in managing the Indian currency against the US Dollar have significantly impacted the Rupee against the dollar, says a report by Union Bank of India.

In the first two months of 2025, the Indian rupee has already depreciated more than half the depreciation happened in all of 2024. By February 28 the Rupee has depreciated by 1.8 per cent against USD, this decline is already more than the 1.5 per cent depreciation seen in 2023 and nearly half of the 3 per cent depreciation recorded in 2024.

The report said "change in stance of RBI governor Sanjay Malhotra who stated that the central bank is open to more flexible rupee and will allow it to move freely in tandem with its local peers as again...