New Delhi: Chief Economic Advisor V. Anantha Nageswaran on Wednesday allayed fears over any major adverse fallout for the economy due to the depreciation of the rupee.

“The falling rupee is not affecting inflation or exports,” he told journalists on the sidelines of a CII event.

In answer to a question, after the rupee sank to a record low to briefly fall below the 90 mark vis-a-vis the US dollar, Nageswaran quipped: “The government is not losing sleep over the weakening of Indian currency.”

However, he also said that the rupee should improve next year.

The rupee has depreciated about 5 per cent against the US dollar in 2025 in the wake of global economic uncertainties triggered by the US tariff hike on India’s exports. The RBI has been intervening to prop the rupee against excessive v

See Full Page