On this Special Report, the focus is on the Indian Rupee breaching the 90 mark against the US Dollar for the first time. The currency touched a low of 90.29 amid persistent dollar demand, prompting a debate on the economic implications. One expert argues that a depreciating rupee is not necessarily negative, suggesting it could aid export competitiveness and counter high tariffs, stating, ‘we should not conflate a strong currency for a strong economy.’ In contrast, another view highlights concerns over the ‘fastest decline in the value of the rupee ever,’ attributing the slide to a collapse in Foreign Direct Investment (FDI) and the absence of a trade deal. The programme explores whether this depreciation is a calibrated adjustment or a sign of underlying economic stress.
