India's Sitharaman on Rupee Stabilization Efforts

Finance Minister Nirmala Sitharaman stated that India's macroeconomic fundamentals remain sound despite concerns regarding currency volatility. She indicated that the RBI will likely continue its efforts to curb rupee volatility, following recent measures that successfully helped the currency rebound from steep losses. These ongoing actions by the central bank aim to stabilize the rupee and maintain economic stability, as the government addresses potential fluctuations in the exchange rate to ensure long-term financial resilience for the country.