Depreciation of Rupee
Not losing sleep on rupee's fall, expect it to come back next year, says CEA
This story was originally published at 16:44 IST on 3 December 2025
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--CEA on rupee fall: Not losing sleep over it
--CEA: Don't see rupee fall impacting exports, inflation
--CEA on falling rupee: Expected to come back next year
--CEA: If there is time for rupee to fall, now is probably right time
--CEA: Need to address infra issues to get more FDI into India
--CEA: Need to address tax, non-tax issues to up FDI into India
--CONTEXT: Comments by CEA Nageswaran at CII event in New Delhi
--CEA: Gross FDI into India may top $100 bln in FY26
NEW DELHI – Chief Economic Adviser to the Government V. Anantha Nageswaran Wednesday said he is not worried about the rupee's fall against the dollar and that the Indian currency is expected to "come back" next year. "I am not losing sleep over it," he told reporters on the sidelines of an event in New Delhi.
The rupee Wednesday fell below the 90-a-dollar mark for the first time to a record low of 90.2900 a dollar. The rupee has depreciated 5.3% against the dollar so far in 2025.
Nageswaran said the rupee's fall is not seen impacting exports and inflation. If there is a time for the rupee to fall, now is probably the right one.
Last week, the finance ministry had said that the rupee's depreciation against the dollar was gradual and consistent with "broader emerging-market currency trends".
Speaking at the Confederation of Indian Industry's India Edge summit, Nageswaran said that gross foreign direct investment may surpass $100 billion in the current financial year, based on the run rate after six months of data. Gross FDI inflows in Apr-Sept were at $50.36 billion against $43.37 billion a year ago. In the financial year 2024-25 (Apr-Mar), gross FDI inflows were at $80.62 billion, RBI data showed.
The gradual increase in net FDI numbers after 2014 and until the COVID-19 pandemic has now run into geopolitical and geo-economic challenges, Nageswaran said. "That explanation should not stop there. We are aware that we have to crank up our game."
The government needs to address tax and non-tax issues, infrastructure-related issues, and also last-mile connectivity issues to increase FDI into India, he said. The nature of the terrain has shifted when it comes to FDI over the last few years, the CEA said. "It has become a much harder terrain, and therefore we need to up our game with respect to courting FDI, courting global supply chain companies to come here." End
US$1 = INR 90.19
Reported by Shubham Rana
Edited by Ashish Shirke
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