Over the last few days, the rupee exchange rate has fallen below ₹90 a dollar and has largely stayed at that level. Now, with Parliament running, a lot of the discourse on this has been political. However, from a policy level, it is critical to understand the economics behind the fall.

Why is the rupee falling? Is it falling worse than other currencies? Does the fall hurt or help the Indian economy? And finally, is this a cause for alarm? Here we discuss these questions.

Guests: Madan Sabnavis, Chief Economist at the Bank of Baroda; Ranen Banerjee, Partner and Economic Advisory Leader at PwC India

Host: T.C.A. Sharad Raghavan

Edited by Jude Weston

Read the text of the conversation here.

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