New Delhi: Chief Economics Adviser V Anantha Nageswaran on Wednesday said the government is not losing sleep over declining rupee, which has breached the 90-level against the greenback. The falling rupee is not affecting inflation or exports, he said on the sidelines of CII event here. However, he expressed hope that it should improve next year.
The rupee has depreciated about 5 per cent against the US dollar in 2025. The rupee plummeted to a new low of 90.30 against the greenback in the intra-day session on Wednesday, falling 34 paise from its previous close, amid FII outflows and sustained buying of dollars by banks.
A decline in the domestic equity markets and the absence of an India-US trade deal put further pressure on the local unit, according to forex traders.
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