Rupee under pressure? Here's why FM Sitharaman says the rupee is ‘doing absolutely fine’

Rupee under pressure? Here's why FM Sitharaman says the rupee is ‘doing absolutely fine’

Finance minister tells Parliament rupee has fallen 4.1% since February but remains stable compared with other Asian currencies amid global pressures

“Rupee is Doing Fine”: FM Sitharaman Defends Currency Stability Amid West Asia Conflict - Business League

Finance Minister Nirmala Sitharaman addressed the Lok Sabha on March 30, 2026, to provide a steadying outlook on the Indian Rupee. Despite the currency crossing the ₹95 per dollar threshold recently, the Minister insisted that the INR is “absolutely fine” when compared to its regional peers. Since the escalation of the West Asia conflict on February 28, the Rupee has depreciated by 4.1%, but the government maintains that India’s macroeconomic fu…