Rupee at record 95.75/USD; PM urges Indians to skip foreign trips, gold, imports — retail tailwind
CEA Nageswaran flags halting rupee fall as FY27 priority after 5% slide, $23bn FPI exodus and CAD breaching 2% of GDP. Modi's swadeshi nudge — avoid non-essential overseas travel, gold buys, favour local goods — could redirect discretionary wallets toward domestic retail and Make-in-India brands.
Rupee hit record 95.63/USD; CEA flags preventing further depreciation as key FY27 priority. PM Modi urged citizens to avoid non-essential foreign travel, gold purchases, and prioritise local goods to conserve forex — direct consumer-spend implications for retail.