Finance Minister Nirmala Sitharaman said the rupee has reached a low against the U.S. dollar mainly due to global uncertainties, even though India’s macro-economic fundamentals, including forex reserves, are strong and the regulator RBI is ensuring that the domestic currency stays stable
Finance Minister Nirmala Sitharaman said the rupee has reached a low against the U.S. dollar mainly due to global uncertainties, even though India’s macro-economic fundamentals, including forex reserves, are strong and the regulator RBI is ensuring that the domestic currency stays stable
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Finance Minister Nirmala Sitharaman said the rupee has reached a low against the U.S. dollar mainly due to global uncertainties, even though India’s macro-economic fundamentals, including forex reserves, are strong and the regulator RBI is ensuring that the domestic currency stays stable
Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She also acknowledged the healthy debate around tax rationalization in the securities market.
