Chief Economic Advisor V Anantha Nageswaran said the government is unconcerned about the rupee’s fall, noting it has not affected inflation or exports. Analysts say the currency may stabilise once the India-US trade deal is finalised
The rupee strengthened 13 paise to 87.80 against the US dollar amid US-India trade optimism. Gains were supported by foreign inflows, domestic equity rally, and risk-on sentiment, as markets await updates on tariffs and oil import adjustments.
