Washington. The Indian rupee has weakened significantly against the US dollar in the past few days. The price of 1 dollar has reached Rs 82.35. The opposition is constantly surrounding the Modi government at the Center on this issue. This value of rupee against dollar also affects imports etc. from abroad. Apart from this, those going abroad also have to spend more money. Amidst all these concerns, Finance Minister Nirmala Sitharaman has said that the rupee is not depreciating. The Finance Minister, who visited America, said on Saturday that we should see this situation in such a way that the US dollar is getting stronger.
#WATCH , USA: Finance Minister Nirmala Sitharam responds to ANI question on the value of Indian Rupee dropping against the Dollar as geo-political tensions continue to rise, on measures being taken to tackle the slide pic.twitter.com/cOF33lSbAT
— ANI (@ANI) October 16, 2022
Nirmala Sitharaman said on the media’s question about this that if we look at the currency of other countries, then the position of rupee is very good against the dollar. He also said that India is in good shape even under macro economics. Foreign exchange reserves are also sufficient. Although he acknowledged that there is inflation, but added that efforts are being made continuously to bring it down. Nirmala also made it clear that the Reserve Bank of India (RBI) is not going to take any step at the moment to stop the fall of rupee against the dollar. There is nothing to worry about and India is in a comfortable position, he said.
The meeting of G-20 countries is to be held in the coming times. When asked about this, the Finance Minister said that developed countries should take the responsibility of spreading economic and political decisions in the world. On a question asked about cryptocurrencies, he said that the member countries of the G20 should discuss about it and reach a decision. In order to create a regulatory framework on cryptocurrencies technically in all countries.