Arvind Panagariya advises RBI to let rupee weaken

May 21, 2026

በAI የተዘገበ

Arvind Panagariya, chairman of the 16th Finance Commission, has urged the Reserve Bank of India to stop defending the rupee aggressively with foreign exchange reserves. He described the psychological barrier of 100 rupees per dollar as just a number.

Panagariya said letting the currency depreciate would be the right response to pressure from rising oil prices. He warned that continued intervention would cause reserves to bleed out without lasting success. The advice comes amid ongoing currency challenges for India.

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Illustration of Prime Minister Narendra Modi advocating for reduced consumption of gold and oil amid economic pressures from foreign reserves and regional conflicts.

Modi calls for austerity to ease pressure on foreign reserves

May 11, 2026 በAI የተዘገበ በ AI የተሰራ ምስል

Prime Minister Narendra Modi has urged citizens to reduce spending on gold and petroleum products amid falling foreign exchange reserves and rising import bills linked to the West Asia conflict.

Indian rupee continues steady depreciation

The Indian rupee continues to weaken against the US dollar. On Tuesday, it hovered around 95.36 in early trading. Since the beginning of this year, the currency has fallen by around 5.64 per cent.

RBI measures to boost dollar inflows seen as temporary fix

June 28, 2026 በAI የተዘገበ

The Reserve Bank of India's steps to increase dollar inflows aim to stabilize the rupee in the short term. Economists caution that these actions provide only temporary relief and do not address underlying pressures.

Asia