There is no collapse of Indian rupee: FM Nirmala Sitharaman

New Delhi, 2/8: Amid concerns over the decline in the value of the rupee against the US dollar, Finance Minister Nirmala Sitharaman on Tuesday asserted there is no collapse of the unit and it is actually finding its natural course.



Sitharaman informed the Rajya Sabha that the RBI is continuously monitoring the local currency and intervening only if there is volatility.


“The RBI interventions are not so much to fix the value of the Indian Rupee because it is free to find its own course,” the minister told the Rajya Sabha during Question Hour.

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