Rupee appreciated 3.39%, but no downgrading on robust forex reserves

MoS Finance Anurag Thakur informed the House that despite the pandemic the Indian currency has appreciated 3.39 per cent and there has been no downgrading of the Rupee as the Foreign Reserve is at $590 billion. Thakur was responding to a question in the Rajya Sabha on whether the rupee has been devalued. The Minister said that there were some impact on the economy due to the Covid-19 pandemic but the status of the Rupee has appreciated 3.39 per cent.