FM Sitharaman: Rupee Must Find Its Own Level; Economy Strong, Savings Shifting

• FM Sitharaman stated the rupee must be market-determined and allowed to "find its own level" after touching ₹90 against the dollar.
• She emphasized that exchange rates are too sensitive for government dictation and should be viewed through India's strong economic fundamentals.
• A softer rupee can benefit exporters and offer respite when tariffs impact Indian products.
• Sitharaman clarified that household savings are not declining but shifting to financial markets, digital instruments, and newer investment products.
• Despite the rupee's drop, the FM maintained that India's macroeconomic story remains strong.

Why It Matters: It explains the government's view on the rupee's fall and its economic implications.