Arvind Panagariya, Chairman of the 16th Finance Commission, stated that there is no need to worry even if the Indian Rupee touches 100 against the US Dollar. He described '100' as just a psychological number and advised the RBI not to deplete foreign exchange reserves to stabilize the currency. Panagariya emphasized that India's economy is much stronger now than in 2013, with inflation under control. He also advised against issuing high-interest NRI bonds, noting that such moves primarily benefit investors rather than the overall economy. https://sambad.in/india-and-beyond/arvind-panagariya-says-rupee-at-100-against-dollar-11862914 #creator program