Vaishnaw calls rupee slide ‘complex,’ backs market-led currency with strong reserves

The briefing

Union Minister Ashwini Vaishnaw said the recent depreciation of the Indian rupee is a complex phenomenon that requires a balanced policy approach. He emphasized preserving foreign exchange reserves, allowing market-driven valuation, and managing trade dynamics, while asserting that the ‘Viksit Bharat 2047’ vision remains on track.