New Delhi, Dec. 5 -- The recent depreciation in the Indian Rupee is unlikely to have any significant impact on CPI inflation in the country, as India has a low dependence on imports for food products, as highlighted a report by Bank of Baroda.

According to the report, the impact of Rupee depreciation on domestic inflation is expected to remain muted due to the country's strong agricultural production and near self-sufficiency in several key crops.

The Indian Rupee has depreciated sharply in the last few days, crossing multiple psychological levels. It closed at 90.19 per US dollar on 4 December 2025, touching a historic low.

The report stated, "Our analysis shows that since India has a low dependence on imports for food products, the i...