India’s Rupee’s Slide Against Dollar

• India’s Chief Economic Adviser, V Anantha Nageswaran, predicts that additional US tariffs on India over Russian oil purchase will not continue beyond November 30.

• India currently faces 50% tariffs from the US, a key trade partner with which India has an over $40 billion trade surplus.

• The strain of increasing tariffs has led to the rupee’s value falling to an all-time low of 88.44 to a dollar on September 11.

• Since the start of 2025, the rupee has lost almost 3% of its value against the dollar.

• Despite this, currencies of almost all countries India competes with have strengthened significantly.

• A weaker currency could disrupt government finances and fuel inflation in the economy.

• A weaker rupee may help Indian exporters push their goods in global markets.

• Nageswaran’s statement provides hope for the rupee’s international standing as US tariffs are a major factor in the rupee’s slide.

India’s Rupee Decline is important topic for Civil service exam (WBCS).

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