Rupee Slumps The Indian rupee fell 0.6% to breach 87 against the U.S. dollar due to global market downturns. This decline followed Trump...
Rupee Slumps
The Indian rupee fell 0.6% to breach 87 against the U.S. dollar due to global market downturns.
This decline followed Trump's higher tariffs on Canada, Mexico, and China.
The rupee closed at 87.11, dipping close to 87.3 during the day.
The government remains unconcerned, calling the situation a global uncertainty.
The U.S. dollar is strengthening globally, raising the Dollar Index to 109.7.
India's Strategy
India doesn't use exchange rate policy to boost exports; it focuses on managing volatility.
India aims for self-reliance, competitive advantages, and quality-driven export growth.
The budget works to eliminate regulatory or tariff disadvantages for sustainable growth.
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