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.
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-essenti
Indian Express · Business · 5/15/2026, 1:48:41 AM · Ask about this →