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Why the rupee’s slide to ₹90 is a wake-up call, not a crisis

A weaker rupee forces India to face harsh realities—will policymakers finally act? One expert says the currency’s slide is a blessing in disguise.

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1 min read
It is an edited image. In this image we can see a woman standing and smiling. We can also see the...
It is an edited image. In this image we can see a woman standing and smiling. We can also see the currency notes and also the text and on the left and on the right we can see the black color background.

Why the rupee’s slide to ₹90 is a wake-up call, not a crisis

The Indian rupee’s recent slide towards ₹90 against the US dollar has sparked concern among investors and the public. However, chartered accountant Nitin Kaushik argues that the decline is not a crisis but a necessary revelation of deeper economic truths. Kaushik described the rupee’s drop as a 'reset' that forces India to confront long-ignored economic issues. He stressed that currencies do not lie—they expose realities that policymakers and markets often overlook. While past dips to ₹87, ₹88, or ₹90 triggered panic, he believes this movement feels different because it reflects an economic reality that was previously masked. The rupee’s depreciation has laid bare economic weaknesses that strong headline numbers once concealed. While it raises costs for importers and borrowers, it also pressures authorities to tackle long-standing structural problems. The real test will be whether India uses this moment to implement meaningful changes.

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