Rupee Decline: CEA on Impact & Outlook

New Delhi, Dec 3 (PTI) Chief Economic Adviser V Anantha Nageswaran on Wednesday said the government is not losing sleep over declining rupee, which has breached the 90-level against the greenback.

The falling rupee is not affecting inflation or exports, he said on the sidelines of a CII event here.

However, he expressed hope that it should improve next year.

The rupee has depreciated about 5 per cent against the US dollar in 2025.

The rupee plummeted to a new low of 90.30 against the greenback in the intra-day session on Wednesday, falling 34 paise from its previous close, amid FII outflows and sustained buying of dollars by banks.

A decline in the domestic equity markets and the absence of an India-US trade deal put further pressure on the local unit, according to forex traders.