RBI Deputy Governor Poonam Gupta said the rupee's depreciation is temporary and the currency may stabilise or appreciate as India's balance of payments improves. The BoP deficit was about $5 billion in 2024-25 and $23.6 billion in 2025-26, with the rupee falling 13.1% between March 2025 and September 2026. The RBI is committed to orderly forex markets and has sufficient reserves.
Rupee May Stabilise and Appreciate, Says RBI Deputy Governor
Source: Moneycontrol