New Delhi – Rajya Sabha MP and Shiv Sena leader Milind Deora on Tuesday raised concerns in Parliament about the appreciation of the Indian Rupee (₹) against the US Dollar ($) and its potential impact on Indian exports. Addressing the Finance Ministry (@FinMinIndia), Deora highlighted the opportunities and challenges that come with a stronger rupee, emphasising the need to ensure Indian exporters remain competitive in the global market.
Taking to Twitter (X), Deora stated, “A strong ₹ has both opportunities and challenges—ensuring our exporters remain competitive is key to sustained growth.” His remarks underscore the delicate balance between currency appreciation and export competitiveness, especially for industries that rely heavily on international markets.
While a stronger rupee can lower import costs and reduce inflationary pressures, it can also impact export-driven industries such as textiles, IT services, and manufacturing, making Indian goods more expensive in foreign markets. Experts believe that the government and RBI must carefully navigate exchange rate policies to support economic growth.
Deora’s intervention reflects growing concerns among policymakers about maintaining India’s export momentum amidst global currency fluctuations and evolving trade dynamics.
