Mumbai, April 9 -- The Indian Rupee depreciated vis-a-vis the US dollar during October 2024-March 2025, primarily reflecting the uncertainties due to disruptions in global trade, strengthening of the US dollar and capital outflows reflecting 'flight to safety', RBI said in its monetary policy report. Going ahead, restrictive monetary policy by the US Federal Reserve than what has been currently factored in by the financial markets could further lower the attractiveness of EME assets. Rising trade protectionism, currency war threats, and higher international crude oil prices are also some of the factors that may exert downward pressure on the Indian rupee, RBI said. In this scenario, if INR depreciates by 5 per cent over the baseline, infl...