Government keeping ‘good watch’ on rupee movement: Sitharaman
Finance Minister Nirmala Sitharaman stated the government is closely monitoring exchange rates, highlighting the widespread depreciation of currencies against the strengthening US dollar. The rupee recently hit a record low of 88.27 against the dollar, influenced by concerns over newly imposed US tariffs, including a significant penalty on Russian crude oil imports, impacting key sectors like textiles and gems.🕒 1 min read
Finance Minister Nirmala Sitharaman stated the government is closely monitoring exchange rates, highlighting the widespread depreciation of currencies against the strengthening US dollar. The rupee recently hit a record low of 88.27 against the dollar, influenced by concerns over newly imposed US tariffs, including a significant penalty on Russian crude oil imports, impacting key sectors like textiles and gems.
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