There Is No Collapse Of Indian Rupee, Asserts FM Sitharaman

As of July 22, it was at $571.56 billion reserves, she said, adding that it was not a small amount and India is still comfortably placed. “So, I want the house to take into cognizance the Indian rupee’s performance versus others, whether it is the U.K. pound and so on and contextualise the performance of Indian rupee versus the U.S., particularly because of the steps that are being taken by the U.S. Fed,” she told the Rajya Sabha.

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