India must accelerate its next generation of economic reforms to sustain long-term growth amid a highly uncertain global environment, Sanjiv Bajaj, Chairman of Bajaj Finserv, told CNBC-TV18 on Wednesday, even as he said he was not worried about the rupee’s recent slide past 90 against the dollar.

Rupee weakness not a worry if movement is steady, says Bajaj

On the rupee touching 90 per dollar, Bajaj said the currency’s weakness was acceptable as long as the depreciation remained steady.

"A weaker rupee is fine as long as the slide is stable. RBI’s job isn’t to peg the currency, but to reduce volatility, that’s the right approach," he said.

The Indian rupee slid past 90 per US dollar to a record low on Wednesday, declining for the sixth consecutive session as traders bet subdued trade an

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