The Finance Minister in Rajya Sabha spoke about the performance of the Indian currency against the dollar. She highlighted an article by The Wall Street Journal titled ‘The Clearest Sign of India’s Very Good Year,’ which underscored India’s favorable economic conditions. The article notes that virtually everything has gone well for India, emphasizing that the Indian Rupee has maintained its strength, losing less than 1% against the US dollar this year. This stands in contrast to other currencies like the Chinese Yuan, South African Rand, and Japanese Yen, which experienced larger declines. She mentioned that the piece attributes India’s economic success to reforms implemented by the government. The strength of the Indian Rupee against the US Dollar is presented as a clear indication of the country’s robust economy and strong fundamentals.
