Sitharaman: Strong Rupee Always Our Goal, Indian Economy 'Fully Fit'

• Union Finance Minister Nirmala Sitharaman stated that the central government consistently favors a strong rupee and is not negligent about the rupee-dollar exchange rate.
• She emphasized that the Indian economy is 'completely fit' with strong macroeconomic foundations, despite challenges like inflation and a weak rupee.
• The rupee strengthened against the dollar post-Union Budget 2026, attributed to increased investor confidence from FII-friendly announcements.
• Budget 2026 allows NRIs to invest in equities via the Portfolio Investment Scheme, expecting to boost foreign investments and FPI flows.
• Market attention shifts to the RBI Monetary Policy Committee meeting, where interest rates are expected to remain unchanged.

Why It Matters: Nirmala Sitharaman affirms government's commitment to a strong rupee and a robust Indian economy.