Rupee Fall Boosts Exports, FDI Strong Amid FPI Pullout: DEA Secy
Budget
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CNBC TV18•01-02-2026, 19:33
Rupee Fall Boosts Exports, FDI Strong Amid FPI Pullout: DEA Secy
- •Economic Affairs Secretary Anuradha Thakur states that a weaker rupee enhances export competitiveness and helps manage import reliance.
- •Despite FPI outflows, India's gross FDI inflows remain strong, indicating global uncertainty rather than domestic weakness is driving portfolio volatility.
- •Authorities closely monitor the rupee, with interventions considered if it crosses 90, though exact measures were not detailed.
- •Department of Financial Services Secretary M Nagaraju highlights a significant credit inclusion gap, with 300-350 million people unbanked.
- •Nagaraju emphasizes the need to accelerate credit growth beyond 15% and confirms a proposal to raise the FDI cap in PSBs to 49% is under examination.
Why It Matters: Policymakers balance currency management, credit expansion, and structural reforms amid short-term volatility and strong FDI.
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