Part 4/7:
China's predicament mirrors Brazil's; the yuan has plummeted in value, driven by deteriorating economic fundamentals. State banks have sought to stabilize the currency through various tactics, but these efforts have proved futile in the face of unyielding market pressures.
Similarly, the Indian rupee is facing a crisis, trading at record lows against the dollar. The Reserve Bank of India's attempts to prop up the rupee through market interventions have not succeeded, revealing the limitations of government action in the face of overarching economic realities. High import bills and weakening exports exacerbate the situation, highlighting vulnerabilities in the country's economic framework.