Sustained FII outflows mount pressure on the rupee as investors await India-US trade deal update- The Week
India’s rupee has been on a slippery slope against the US dollar, with the local currency touching a record low...
archiveRBI rupee intervention
FM Sitharaman defends rupee stability, says it’s not depreciating against any currency other than USD
Finance Minister Nirmala Sitharaman rejected concerns over the recent depreciation of the Indian rupee, stating that the currency has remained stable against most global counterparts despite pressure from a strengthening US dollar.CompanyValueChange%ChangeIn an interview with PTI, Sitharaman acknowledged the rupee’s nearly 3% decline against the dollar in recent months, calling it a concern due to its impact on import costs. However, she dismissed claims of broader weakness in the local currency."I am concerned, but I will not accept the criticism that 'Oh, the rupee is weakening!' Our macroeconomic fundamentals are...