Union Finance Minister Nirmala Sitharaman has said that the value of the Indian rupee has not declined in the international market, but the value of the US dollar has increased.
Union Finance Minister Nirmala Sitharaman, who is on a trip to America, met the media. Then he said,
The value of the US dollar remains strong in international markets. Thus the currencies of all other countries work against it. I’m not talking technically. However, the value of the Indian rupee against the dollar will remain stable.
The value of the Indian rupee remains higher than the currency values of other countries in the international market. The Indian rupee has not depreciated. The value of the US dollar has risen further.
I think RBI’s efforts are all bullish. This is not to stabilize the value of the Indian rupee, he said.