Key facts
- Economic adviser Shamika Ravi dismissed concerns about the rupee hitting 100.
- Ravi stated that economic stability should be the priority.
- She acknowledged price increases are expected during adjustment periods.
- Ravi identified demand management as a primary response to supply-driven shocks.
- She noted India's domestic demand-driven growth model has helped it withstand global shocks.
Economic adviser Shamika Ravi has dismissed concerns regarding the Indian rupee potentially falling to the 100 mark against the US dollar, stating that '100 is just a number' and that the priority should be economic stability. Ravi acknowledged that price increases are expected during the adjustment process and identified demand management as a primary response to supply-driven shocks. She further commented that India's domestic demand-driven growth model has helped it withstand major global shocks over the past decade.