Video: Economist PK Basu Dismisses Undue Hype Around The Rupee's Fall

The rupee dropped to a new low of 90.25 against the greenback in the intra-day session on Wednesday (December 3, 2025), shedding 29 paise from its previous close, after FII withdrawals and continued purchase of dollars by banks. A decline in the domestic equity markets and the absence of an India-US trade pact put added pressure on the local unit, according to FX traders. But renowned author and economist P.K. Basu underlined that the rupee's depreciation is being exaggerated. Depreciations are frequent in the current market, and some countries have more depreciating currencies than India. He further says, there is no need for any 'revival' as there is nothing negative about this situation.