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Rupee to Stabilize, Appreciate as India's BoP Improves: RBI Dy Guv Poonam Gupta
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Moneycontrol•23-09-2026, 21:09
Rupee to Stabilize, Appreciate as India's BoP Improves: RBI Dy Guv Poonam Gupta
- •RBI Deputy Governor Poonam Gupta states the rupee's depreciation is temporary and expects stabilization and appreciation due to an improving Balance of Payments (BoP).
- •India's BoP faced pressure with deficits of $5 billion in 2024-25 and $23.6 billion in 2025-26, as capital account surplus lagged current account deficit.
- •The rupee depreciated 13.1 percent between March 31, 2025, and September 16, 2026, but external position is projected to improve.
- •Gupta affirmed RBI's commitment to maintaining orderly foreign exchange market conditions and possessing sufficient reserves to meet external financing needs.
- •RBI's capital-flow measures, including foreign currency non-resident deposit inflows of $133 billion by August 31, have already led to a significant BoP surplus for the year.
Key Questions Answered
RBI Deputy Governor Poonam Gupta stated that the rupee's recent depreciation is temporary and that the currency is likely to stabilise and appreciate as India’s balance of payments (BoP) position improves.
According to RBI Deputy Governor Poonam Gupta, India recorded a BoP deficit of about $5 billion in 2024-25 and $23.6 billion in 2025-26 as the capital account surplus fell short of the current account deficit.
The RBI’s foreign currency non-resident deposit measures resulted in inflows worth $133 billion as of the end of August 31.
