The Indian Rupee weakened by 49 paise (0.6%) on Monday, falling past the 87 mark against the U.S. Dollar. This decline comes as global markets face turbulence, with currencies across Asia and Europe struggling after new U.S. tariffs on Canada, Mexico, and China. The Rupee, which had already breached 86 per dollar earlier in January, touched 87.3 during the day before settling at 87.11.

 

Government’s Take: No Panic, Just Strategy

 

Despite the sharp drop, the Finance Ministry remains calm, emphasizing that exchange rate policies won’t be used to boost trade. Instead, India aims to strengthen its exports through quality and self-reliance, rather than currency adjustments.

 

How India Plans to Tackle Uncertainty

 

Officials stress that while global conditions are unpredictable, India’s focus is on building resilience. The strategy includes:

✔️ Enhancing competitiveness in key industries

✔️ Avoiding unnecessary cost burdens from tariffs and regulations

✔️ Adapting to external shocks with long-term economic reforms