A member of the Prime Minister's Economic Advisory Council, T.T. Ram Mohan, suggests that a significant depreciation of the Indian rupee against the dollar may be necessary to counteract negative US tariff policies and support economic growth. He noted the rupee's performance as Asia's worst in 2025 and anticipates more stability, possibly slight appreciation, in FY27. Ram Mohan identified unresolved trade disputes with the US and the ongoing Ukraine conflict as major headwinds for the Indian economy.