Key facts
- Economic adviser Shamika Ravi dismissed concerns about the rupee reaching 100.
- Ravi acknowledged that price increases are expected during the adjustment process.
- She identified demand management as a primary response to supply-driven shocks.
Economic adviser Shamika Ravi has downplayed concerns regarding the Indian rupee's potential fall to the 100 mark against the US dollar. While acknowledging that price adjustments are a natural part of such economic shifts, Ravi asserted that demand management strategies are among the most effective tools available to address shocks originating from supply-side issues. Her comments suggest a pragmatic approach to currency fluctuations, viewing them as manageable economic phenomena rather than causes for widespread panic.