India macro fundamentals strong, rupee not depreciating against any currency other than USD: FM Sitharaman

The Indian Finance Minister emphasized that India’s macroeconomic fundamentals remain strong, with the rupee depreciating only against the US dollar. Despite global challenges, India’s economic performance remains stable, underpinned by growth in key sectors like services, manufacturing, and agriculture. The Finance Minister pointed out that the government’s fiscal discipline, along with robust foreign exchange reserves, positions India well to weather global economic uncertainties. The strong fundamentals provide confidence in India’s long-term economic growth trajectory, despite external headwinds.