Commerce minister urges calm amid GDP growth downgrade
The rupee fell to ₹96.90 against the US dollar as credit agencies downgraded India's GDP growth estimates. Commerce Minister Piyush Goyal urged businesses to remain calm and view current uncertainties as opportunities for improvement.
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹96.90
As the rupee hits a record low of ₹96.90 against the US dollar, Commerce Minister Piyush Goyal reassured businesses during the India Business Reform Summit 2026. He emphasized viewing current geopolitical uncertainties as an opportunity for growth and urged firms to strengthen their processes.
Credit agencies have lowered India's GDP growth estimates, adding to market concerns. This situation may lead to increased volatility in the currency and equity markets.
Not investment advice. For informational purposes only.