Chief Economic Advisor V Anantha Nageswaran
Credit: PTI Photo
New Delhi: Chief Economic Adviser V Anantha Nageswaran on Wednesday said the government is not losing sleep over declining rupee, which has breached the 90-level against the greenback.
The falling rupee is not affecting inflation or exports, he said on the sidelines of a CII event here.
However, he expressed hope that it should improve next year.
The rupee has depreciated about 5 per cent against the US dollar in 2025.
The rupee plummeted to a new low of 90.30 against the greenback in the intra-day session on Wednesday, falling 34 paise from its previous close, amid FII outflows and sustained buying of dollars by banks.
A decline in the domestic equity markets and the absence of an India-US trade deal put further pressure on the local unit, according to forex traders.