Nirmala Sitharaman attributes rupee fluctuations to global, domestic factors (opens original article in a new tab)

Union Finance Minister Nirmala Sitharaman explained that rupee fluctuations against the U.S. dollar are influenced by global and domestic factors, including geopolitical issues, foreign capital flows, and import dependencies. She also criticized Rahul Gandhi for his criticism of government achievements.

• Union Finance Minister Nirmala Sitharaman attributed rupee fluctuations to global and domestic factors including geopolitical uncertainties, foreign capital movements, and import dependence.
• She stated the Reserve Bank of India intervenes in the foreign exchange market to curb excessive volatility, not to maintain a fixed exchange rate.
• Sitharaman criticized Rahul Gandhi for undermining India's achievements and downplaying government initiatives.