Rupee is not sliding dollar is strengthening says FM Nirmala Sitharaman after rupee hit record low

Nirmala Sitharaman on Rupee: The Indian rupee has reached a record low against the dollar. Meanwhile, Finance Minister Nirmala Sitharaman spoke on the falling rupee and said that the Indian rupee is not slipping, but the US dollar is getting stronger. The Finance Minister said this while addressing a press conference in Washington DC. Actually, Nirmala Sitharaman is currently on a US tour. Speaking about India's growth story and strong economy here, he spoke on Rupee. Let us inform that this statement of the Finance Minister has come a few days after the rupee fell to an all-time low of 82.69.

What did the Finance Minister say?

Responding to a question, Sitharaman said, "The dollar continues to strengthen. So obviously all other currencies are performing against a strong dollar. I am not talking about technicalities, but the fact is that India The Indian Rupee is probably facing this dollar rate hike. ... I think the Indian Rupee has outperformed many other emerging market currencies."

RBI has an eye

Nirmala Sitharaman said that the RBI is trying its best to stop the rupee from going down. He said that the focus of RBI is more on the fact that there is no big volatility in the market. Therefore, the central bank is not interfering in the market to fix the Indian currency.