FM Says Rupee Must Find Its Own Level, Calls Exchange Rates 'Too Sensitive'

Sitharaman urged markets and observers to read the rupee’s movement alongside the broader macro story. (Photo: Nirmala Sitharaman/X) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Finance Minister Nirmala Sitharaman has offered the government’s first response to the rupee’s recent movements, asserting that the currency must remain market-determined and “find its own level.”

Speaking at the Hindustan Times Leadership Summit, she emphasised that exchange rates are “too sensitive” to be dictated or overly managed and should instead be viewed in the context of current economic fundamentals.

Sitharaman pushed back against comparisons with earlier periods, noting that the economy’s health today is far stronger than during the time when the current government sat in Opposition