Indian Rupee has performed much better, says FM Nirmala Sitharaman ...Middle East

Business Standard - Economy
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman on Saturday (local time) said that Indian Rupee has performed much better than many other emerging market currencies in reference to the value of Rs dropping against the USD as geo-political tensions continue to rise.Speaking at a media briefing on her official US visit, she explained that it was not the Rs weakening rather USD was strengthening.Responding to ANI on measures being taken to tackle the slide, she said, "First of all, I will look at it, not Rupee sliding and look at it as USD strengthening incessantly. So, obviously, all other currencies are performing against the strengthening of the USD. It is a matter of fac

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