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Not worried about rupee's fall, says finance secretary
Financial Express Chandigarh
|February 04, 2025
THERE IS NO concern over the falling value of rupee, against the US dollar, as such events do occur in times of unabated outflow of foreign funds, finance secretary Tuhin Kanta Pandey said on Monday.
"The Reserve Bank of India (RBI) is managing the volatility of the rupee...but it's a free-float system," Pandey said. The rupee on Monday depreciated 67 paise to hit a record low of 87.29-a-dollar after US president Donald Trump imposing tariffs on Canada, Mexico and China triggered fears of a broad trade war.
Pandey said the depreciation of the Indian currency will certainly have an impact on imports, which can turn expensive and stoke inflation, but added that exports will become more attractive.
Denne historien er fra February 04, 2025-utgaven av Financial Express Chandigarh.
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FLERE HISTORIER FRA Financial Express Chandigarh
Financial Express Chandigarh
Germany’s Merz hails China ties
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Financial Express Chandigarh
ED attaches Anil Ambani’s ₹3.7K-cr Pali Hill mansion
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1 min
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Financial Express Chandigarh
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1 min
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Financial Express Chandigarh
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Financial Express Chandigarh
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1 mins
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Financial Express Chandigarh
Stress in mid-sized firms leads fresh wave of sales to ARCs
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2 mins
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Financial Express Chandigarh
USTR: Tariff rate to hit 15% or more for some nations
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1 mins
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Financial Express Chandigarh
China’s gold rush comes to Xi’s tariff-free paradise
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3 mins
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Financial Express Chandigarh
DFS to meet NBFCs today on reform index, governance
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