New Delhi, Dec. 3 -- The Indian rupee is set to improve against the dollar next year, and right now, it's not hurting exports or inflation, said Chief Economic Advisor V Anantha Nageswaran on Wednesday.
Nageswaran's comment came at a time when the rupee hit a record low, crossing the 90-mark against the US dollar in opening trade.
"It will come back next year. Right now, it's not hurting our exports or inflation. I am not losing my sleep over it. If it has to depreciate, now probably is the right time," Nageswaran said on the sidelines of a Confederation of Indian Industry (CII) event in New Delhi.
He said if the rupee has to depreciate, now probably is the right time. The CEA also expressed confidence in a possible reversal in the next ...