In this episode, co-hosts Arvind Panagariya and Pravin Krishna explain why India must abandon the current policy of a strong rupee. Easing up on the strong rupee will make exports more competitive in foreign markets. It will also make domestically supplied goods more competitive against imports in the Indian market. Furthermore, a weaker rupee will make it easier for India to lower tariffs, thereby helping it shed its image as a protectionist nation and reduce trade tensions with the United States.