💨 Abstract

Indian Finance Minister Nirmala Sitharaman has denied criticism over the depreciation of the Indian rupee, stating that it has only weakened against a strengthening US dollar but remains stable against other currencies due to strong macroeconomic fundamentals. She acknowledged concerns about the 3% depreciation in the rupee against the US dollar, which increases import costs, but rejected accusations of overall weakness.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖