{"id":6095,"date":"2026-03-31T11:45:06","date_gmt":"2026-03-31T06:15:06","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=6095"},"modified":"2026-03-31T11:45:07","modified_gmt":"2026-03-31T06:15:07","slug":"rupee-at-record-lows-why-fm-nirmala-sitharaman-insists-the-indian-currency-is-doing-absolutely-fine","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/rupee-at-record-lows-why-fm-nirmala-sitharaman-insists-the-indian-currency-is-doing-absolutely-fine\/","title":{"rendered":"Rupee at Record Lows: Why FM Nirmala Sitharaman Insists the Indian Currency is \u2018Doing Absolutely Fine\u2019"},"content":{"rendered":"\n<p id=\"p-rc_d808c826b3d7d003-19\">The Indian Rupee has found itself at the center of a global financial storm, recently breaching the <strong>95 per USD mark<\/strong> for the first time in history.<sup><\/sup> As of late March 2026, the domestic currency has faced its steepest annual decline in 14 years, tumbling nearly <strong>9.9% in the current fiscal year (FY26)<\/strong>.<sup><\/sup> Despite the optics of a record low, Finance Minister Nirmala Sitharaman has come forward to reassure markets, stating that the rupee is &#8220;absolutely going fine&#8221; (theek chal raha hai).<sup><\/sup><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The &#8220;Relative Strength&#8221; Argument<\/strong><\/h3>\n\n\n\n<p>Speaking in the Lok Sabha on March 30, 2026, the Finance Minister emphasized that the rupee\u2019s movement must be viewed in a global context. Her defense rests on the premise that the rupee is not weakening because of domestic failure, but rather due to a <strong>super-charged US Dollar<\/strong> fueled by safe-haven demand.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Peer Comparison:<\/strong> Sitharaman highlighted that while the INR depreciated by roughly <strong>4.1%<\/strong> since the onset of the West Asia conflict (February 28, 2026), its peers have suffered more. Currencies like the <strong>South Korean Won (4.6%)<\/strong>, <strong>Philippine Peso (4.8%)<\/strong>, and <strong>Thai Baht (5.5%)<\/strong> have seen sharper declines against the greenback.<\/li>\n\n\n\n<li><strong>Strong Fundamentals:<\/strong> The FM pointed to India\u2019s robust fiscal deficit management and solid foreign exchange reserves as the bedrock of the economy. She noted that the &#8220;entire world is praising&#8221; India\u2019s macroeconomic stability despite global headwinds.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Triple Threat: Oil, Conflict, and Capital Flight<\/strong><\/h3>\n\n\n\n<p>The pressure on the rupee isn&#8217;t coming from within, but from a &#8220;perfect storm&#8221; of external factors:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>West Asia Conflict:<\/strong> The geopolitical tensions that erupted in February 2026 have sent shockwaves through energy markets.<\/li>\n\n\n\n<li><strong>Crude Oil Surge:<\/strong> With Brent crude hovering above <strong>$100 per barrel<\/strong>, India\u2019s import bill has ballooned, putting natural downward pressure on the currency.<\/li>\n\n\n\n<li><strong>FII Outflows:<\/strong> Global uncertainty has led Foreign Institutional Investors (FIIs) to pull record amounts of capital from Indian equities, seeking the safety of dollar-denominated assets.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>RBI Steps In: Curbing the Speculators<\/strong><\/h3>\n\n\n\n<p id=\"p-rc_ed027b2820ed9882-24\">To arrest the slide, the Reserve Bank of India (RBI) has introduced aggressive measures.<sup><\/sup> A new mandate, effective <strong>April 10, 2026<\/strong>, caps banks&#8217; net open rupee positions at <strong>$100 million<\/strong> to prevent speculative &#8220;one-sided bets&#8221; against the currency.<sup><\/sup> While the rupee briefly rebounded to <strong>93.59<\/strong> following the announcement, it remains volatile as the fiscal year concludes.<sup><\/sup><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>In these uncertain times, having a SEBI-registered partner can make all the difference for your portfolio. Whether it&#8217;s currency volatility affecting mid-cap stocks or shifting global trends, <strong>Eqwires<\/strong> provides the clarity you need.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Best SEBI-Registered Research Analyst in India \u2013 Eqwires<\/strong><\/li>\n\n\n\n<li><strong>Intraday Trading Tips &amp; Calls by Eqwires Experts<\/strong><\/li>\n\n\n\n<li><strong>Equity Stock Recommendations &amp; Strategies \u2013 Eqwires<\/strong><\/li>\n\n\n\n<li><strong>Index &amp; Nifty Trading Advisory by Eqwires<\/strong><\/li>\n\n\n\n<li><strong>Options &amp; F&amp;O Trading Strategies \u2013 Eqwires<\/strong><\/li>\n\n\n\n<li><strong>BTST Buy Today Sell Tomorrow Calls by Eqwires<\/strong><\/li>\n\n\n\n<li><strong>Swing Trading Ideas &amp; Profitable Strategies \u2013 Eqwires<\/strong><\/li>\n\n\n\n<li><strong>Top Stock Market Advisory Services in India \u2013 Eqwires<\/strong><\/li>\n\n\n\n<li><strong>High-Accuracy Market Predictions &amp; Investment Tips \u2013 Eqwires<\/strong><\/li>\n\n\n\n<li><strong>Trusted Stock Market Education &amp; Trading Insights \u2013 Eqwires<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Outlook for FY27<\/strong><\/h3>\n\n\n\n<p id=\"p-rc_d808c826b3d7d003-19\">Analysts suggest that the &#8220;new normal&#8221; for the rupee involves higher volatility and gradual depreciation rather than a fixed band.<sup><\/sup> Experts predict a trading range of <strong>92-97 against the USD<\/strong> for the upcoming fiscal year.<sup><\/sup> While the headline numbers may look daunting, the government\u2019s stance remains clear: as long as India\u2019s internal economic engines\u2014inflation control and fiscal discipline\u2014remain intact, the rupee is simply riding out a global wave.<sup><\/sup><\/p>\n\n\n\n<p id=\"0\"><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/instagram.com\/Eqwires\">Instagram<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian Rupee has found itself at the center of a global financial storm, recently breaching the 95 per USD mark for the first time in history. As of late March 2026, the domestic currency has faced its steepest annual decline in 14 years, tumbling nearly 9.9% in the current fiscal year (FY26). Despite the optics of a record low, Finance Minister Nirmala Sitharaman has come forward to reassure markets, stating that the rupee is &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/rupee-at-record-lows-why-fm-nirmala-sitharaman-insists-the-indian-currency-is-doing-absolutely-fine\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rupee at Record Lows: Why FM Nirmala Sitharaman Insists the Indian Currency is \u2018Doing Absolutely Fine\u2019&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":6096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-6095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/6095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=6095"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/6095\/revisions"}],"predecessor-version":[{"id":6097,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/6095\/revisions\/6097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/6096"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=6095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=6095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=6095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}