Traders are watching closely as global risk appetites cool and foreign investors reassess emerging market exposure. While the central bank has tools at its disposal; including forex reserves and rate adjustments; the rupee’s sensitivity to external flows suggests vulnerabilities persist. For job seekers eyeing government roles tied to forex or banking policy, this could signal tighter fiscal scrutiny ahead. The RBI’s next move? Watch for cues not just on rates, but on how long it’s willing to defend the rupee without deeper structural reforms. Markets don’t just respond to tools; they respond to confidence.