‘Not losing sleep’: CEA Nageswaran on rupee touching 90 mark versus US dollar; ‘falling rupee is not affecting…’
India’s rupee hit a historic low of 90.30 against the US dollar, yet the government remains unconcerned. Chief Economic Adviser V Anantha Nageswaran stated the depreciation hasn’t impacted inflation or exports, expressing optimism for a recovery next year. Factors like FII outflows and dollar demand are influencing the currency’s slide.🕒 1 min read
India’s rupee hit a historic low of 90.30 against the US dollar, yet the government remains unconcerned. Chief Economic Adviser V Anantha Nageswaran stated the depreciation hasn’t impacted inflation or exports, expressing optimism for a recovery next year. Factors like FII outflows and dollar demand are influencing the currency’s slide.
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