FM Sitharaman defends rupee stability, says it’s not depreciating against any currency other than USD

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Finance Minister Nirmala Sitharaman, in an interview with PTI, dismissed concerns over the rupee’s depreciation, attributing it to a stronger US dollar. She highlighted India’s stable macroeconomic fundamentals and RBI’s forex interventions. Despite a 3% fall against the dollar, the rupee remains among the least volatile Asian currencies.

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