# Raghuram Rajan: India Should Not Deplete Reserves for Rupee

The Indian rupee lost 6% of its value in 2026, reaching a record low of 96.96 in May. Raghuram Rajan advises against depleting reserves to defend the currency. It is the second-worst performing currency in Asia.

https://www.business-standard.com/finance/news/india-should-not-deplete-reserves-to-defend-rupee-says-raghuram-rajan-126102700652_1.html

Image: https://bsmedia.business-standard.com/_media/bs/img/hp/home-page/2026-10/27/9343/full/1787890468-3307.jpg

#rupee #asia #currencies #india

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Created: 2026-10-27T08:13:21.249280+00:00

Last edited: 2026-10-27T08:13:21.249280+00:00

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Origin: Syndicated

Original source: https://www.business-standard.com/finance/news/india-should-not-deplete-reserves-to-defend-rupee-says-raghuram-rajan-126102700652_1.html