Rupee hits record low as CEA emphasizes currency stability
pre-market1 source ↓written by the desknot a recommendation
- per dollar
- ₹95.75
- before closing
- ₹95.63
The rupee reached an all-time low of ₹95.75 per dollar before closing at ₹95.63. Chief Economic Advisor V Anantha Nageswaran highlighted the need to prevent further depreciation, calling it a key macroeconomic imperative for FY27. He warned of ongoing structural shifts in the global economy affecting India's current account and inflation.
• Central macroeconomic imperatives include managing the current account and financing.
• India faces a live Balance of Payments stress test due to exposure to the West Asia crisis.
Not investment advice. For informational purposes only.