MUMBAI: On a day when the rupee hurlted past the sensitive 90-a-dollar-mark , hitting 90.29, Chief Economic Advisor V Anantha Nageswaran said he "is not losing sleep" over the weakening so long as it's not hurting exports and pushing up inflation.

Addressing a CII event on Wednesday, he also expressed confidence that the bleeding rupee will claw back to a position of strength from next year. But Nageswaran neither offered any reason for the optimism nor mentioned a level he believed it will see it settle at.

"It will come back next year. Right now, it's not hurting our exports or inflation. I am not losing my sleep over it. If it has to depreciate now probably is the right time," India's chief official economist said.

On the falling exports and the rising imports and the resulta

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