Rupee “undervalued relative to fundamentals”, yet no need to lose sleep: V. Anantha Nageswaran explains why
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What Happened
India's Chief Economic Adviser V. Anantha Nageswaran stated the rupee remains undervalued relative to economic fundamentals, attributing its weakness to global dollar strength rather than domestic concerns. He emphasized India's strong macroeconomic position with projected 6.5-7% growth, noting the currency depreciation reflects broader global trends, not economic fragility.
Key Entities
V. Anantha NageswaranChief Economic AdviserIndian RupeeUS DollarIndia GDP6.5-7% growth