Indian Officials Say Rupee Crossing 100 Is Natural Adjustment, Not Fixed Threshold
Chief Economic Adviser V Anantha Nageswaran and PM Economic Advisory Council member Shamika Ravi both emphasize that the Indian rupee crossing the 100-per-dollar mark is not a fixed threshold but part of natural macroeconomic adjustments. Nageswaran describes the exchange rate as a shock absorber responding to global uncertainties, while Ravi highlights that although the number itself is arbitrary, currency depreciation impacts import costs and the broader economy. Both stress monitoring behavioral shifts like capital flows and inflation rather than focusing solely on the exchange rate level.