'Complex Phenomenon': Ashwini Vaishnaw On Rupee Depreciation, Says 'Viksit Bharat 2047 Is Reality'

Union Minister Ashwini Vaishnaw called rupee depreciation a complex issue and expressed 10/10 confidence in Viksit Bharat 2047.

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'complex phenomenon': ashwini vaishnaw on rupee depreciation, says 'viksit bharat 2047 is reality' | exclusive

New Delhi: Union Minister Ashwini Vaishnaw, in an interview with Navika Kumar, the Editor-in-Chief of Times Network, said the recent depreciation of the Indian Rupee is a complex issue, and it requires a balanced approach. Vaishnaw also stressed the importance of preserving foreign exchange reserves while allowing the currency to find its market-driven value and ensuring that the country's export and import dynamics are managed effectively.When asked whether depreciation of the Indian rupee is a matter of worry, the union Minister said, "it's a extremely complex phenomenon which is right now happening and we must make sure that the right balance between conserving our foreign exchange, finding the right market value of Rupee and making sure that the export and import dynamics of our country are properly

managed."

Rapid-Fire With Union Minister @AshwiniVaishnaw Depreciation of the Indian rupee—should we worry, or should we wait and watch?: @NavikaKumar asks Union MinisterWatch what he has to say. pic.twitter.com/qkCSV57hGl

— TIMES NOW (@TimesNow) June 9, 2026

Speaking on the government's vision of Viksit Bharat 2047, Vaishnaw expressed unwavering confidence that the goal of transforming India into a developed nation would become a reality. "It is definitely going to be a reality," he said. When asked to rate his confidence on a scale of one to ten, the minister gave a perfect score of 10.On Monday, the Indian Rupee slipped by 17 paise to 95.35 against the US dollar as the crisis in the Middle East intensified due to fresh cross attacks between Iran and Israel. Indian Stock Markets alo reacted sharply to the Iran Israel attacks with the Sensex fell over 800 points.RBI Warned Of Inflation Worries:The RBI Governor Sanjay Malhotra, while announcing the Monetary Policy Committee (MPC) decision, had highlighted the economic shocks due to the Iran War, and said India has taken it in a very smartly. "Energy shocks kept the economic in a challenge," he said.On inflation, RBI projected the CPI inflation for FY27 at 5.1 per cent. The quarterly inflation forecasts are Q1 FY27 at 4.2 per cent, Q2 FY27 at 5.1 per cent, Q3 FY27 at 5.9 per cent, and Q4 FY27 at 5.4 per cent.