Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S. Mahendra Dev, on Wednesday (April 8, 2026) said that Indian Rupee is expected to stabilise at the 92-93 level against the U.S. dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong.

Mr. Dev said the currency had faced pressure due to global uncertainties, including the recent conflict between the United States and Iran, and the withdrawal of foreign institutional investors (FII).