Finance Minister Nirmala Sitharaman.

New Delhi:

Union Finance Minister Nirmala Sitharaman answered the questions of the opposition today during the question hour in the Lok Sabha.

Today, Nirmala Sitharaman specially apprised the house on the changing equation of rupee and dollar.

He said that India's economy was in ICU, in Fragile Five under the Congress rule... Today, despite the COVID-19 pandemic, the Russia-Ukraine war, India's economy is the fastest growing economy in the world.


Speaking on the issue of currency devaluation and foreign exchange reserves, he said that today there is no fixed exchange rate system in India.

Today there is depreciation and evolution.

If we talk about the currency of Indian Rupee and Dollar, Indian Rupee is becoming stronger than all foreign currencies.  


Finance Minister Nirmala Sitharaman said that the rupee is standing strong against the US dollar.

The dollar has also strengthened due to the policies of the US Federal Bank.

Our foreign reserve has increased.

Looking at the data, it is clear that among all the fast growing economies, India has the highest foreign reserves.

RBI has used this to control the fluctuations of dollar-rupee so that it does not have adverse effect on the economy.


Sitharaman said in the Lok Sabha that the Indian economy is a rapidly growing system after the Corona or Russia-Ukraine war.

He said that even today the rupee is strong.

He said that it is sad that despite the strong economy, some opposition leaders are suffering.


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