FM Nirmala Sitharaman Assures Vigilance On Rupee Slide, Says RBI & Govt Monitoring Closely

Union Finance Minister Nirmala Sitharaman, speaking in Rajya Sabha, addressed concerns over rupee depreciation, highlighting that major Asian currencies weakened between October 2021 and January 2025. She noted that G10 currencies also declined by over 5.5% in the same period. Explaining the factors influencing the rupee’s value, she pointed to dollar movement, capital flows, interest rates, and crude prices. She emphasized that global macroeconomic uncertainties contributed to currency volatility, not just in India. The FM assured that the RBI is closely monitoring fluctuations and reiterated the government's commitment to taking necessary measures to maintain stability.