India


Rupee set to improve against dollar next year: CEA Nageswaran

New Delhi, Dec 3 (UNI) The Indian rupee is set to improve against the dollar next year, and right now, it's not hurting exports or inflation, said Chief Economic Advisor V Anantha Nageswaran on Wednesday.
Nageswaran’s comment came at a time when the rupee hit a record low, crossing the 90-mark against the US dollar in opening trade.
"It will come back next year. Right now, it's not hurting our exports or inflation. I am not losing my sleep over it. If it has to depreciate, now probably is the right time," Nageswaran said on the sidelines of a Confederation of Indian Industry (CII) event in New Delhi.
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