‘100 is just a number’: PM’s economic adviser, says rupee should ‘find its own value’
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A member of Prime Minister Narendra Modi’s Economic Advisory Council has said that concerns about the possibility of the rupee weakening to 100 against the United States dollar are misplaced, arguing that the currency should be allowed to “discover its own true value”.
Speaking to journalist Smita Prakash on an episode of the ANI podcast on Wednesday, Shamika Ravi said: “So what if the rupee touches 100 to a dollar? It’s just a number.”
Comparing the exchange rate to the valve on a pressure cooker, she said the currency was “settling” and that “something has to give” when pressure builds in the economy.
“The value of the rupee vis-a-vis the dollar, therefore, the exchange rate becomes that valve through which this pressure is going to be taken care of,” she said. “Which is what it means when you say let it discover its own true value.”
Rupee is going to hit 100.
— MBR (@BharathMBNR) June 4, 2026
So what if the rupee touches 100 to a dollar? It's just a number: Modi Economic Advisor pic.twitter.com/VKpfJYNN0K
She added: “At the end of the day, what you do not want is to jump into this, try to keep the value at a certain level, which leads to inflationary pressures, which is going to have all...