Mumbai, July 1 -- RBI in its financial stability report stated that the US dollar faced sharp depreciation pressure against most major currencies in the recent market turmoil. Typically, the USD tends to outperform other currencies in two entirely different scenarios; during periods of global stress as well as when the US economy exhibits exceptional growth, on the other hand it underperforms when global growth is strong relative to the US - the so-called 'dollar smile'. This has been the defining framework for forex investors for a considerable period. However, in the current episode of exceptional economic uncertainty, the prices of US financial assets, including equities, have fallen forcing global investors to rebalance their portfoli...