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Why rupee’s stability ‘becomes a casualty’ due to India’s goods trade deficit, dependence on FPIs: Economic Survey
['Ravi Dutta Mishra', 'Ravi Dutta Mishra Is A Principal Correspondent With The Indian Express', 'Specializing In Economic Policy', 'Financial Regulations. With Over Five Years Of Experience In Business Journalism', "He Provides Critical Coverage Of The Frameworks That Govern India'S Commercial Landscape. Expertise", 'Focus Areas', 'Mishra S Reporting Concentrates On The Intersection Of Government Policy', 'Market Operations. His Core Beats Include', 'Trade', 'Commerce']
The Indian Express
The stability of the Indian rupee becomes a casualty as India’s net trade surplus in services and remittances is not enough to offset the goods trade deficit, the Economic Survey 2025-26 said, as the rupee on Thursday hit another lifetime low of Rs 91.98 per US dollar.
“The Indian rupee underperformed in 2025.
When they run drier, rupee stability becomes a casualty,” the Survey said.
In general, services exports have outpaced goods exports.
“Unlike manufacturing exports, they do not impose hard fiscal, employment, or logistical constraints on the State, allowing institutional weakness to persist even alongside globally competitive firms.