According to the RBI report on currency movements and

Solution

The RBI report on capital flows and exchange rate developments noted that the Indian Rupee depreciated by 2.3 percent in January. Exchange rate movements are influenced by several factors such as foreign investment flows, global financial conditions, and trade developments. Although the rupee weakened during January, the report indicated a subsequent improvement in market sentiment. In February, the rupee appreciated by 1.1 percent as foreign portfolio investments returned to Indian markets. Despite these monthly fluctuations, the rupee recorded an overall depreciation of about 6 percent in the financial year so far.