International uncertainty behind the Rupee's struggles
Union Finance Minister Nirmala Sitharaman reiterated that India's macroeconomic fundamentals remain robust. She clarified that international uncertainty is the primary reason for the significant volatility in the rupee's exchange rate within the forex market. However, she assured that the RBI is taking all necessary measures to stabilize the rupee against major currencies, including the US dollar. She noted that these measures have led to the rupee appreciating by over one percent against the dollar in the last two days.
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