S Mahendra Dev, the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) of India, stated that the Indian Rupee is expected to stabilize between 92-93 against the US dollar. This forecast is based on anticipated improvements in foreign investment inflows as geopolitical tensions, particularly between the United States and Iran, ease. The Rupee had recently faced pressure, crossing 95 against the dollar due to global uncertainties and withdrawals by foreign institutional investors (FIIs). Dev emphasized India's strong economic resilience and sound macroeconomic fundamentals, which he believes will help absorb external shocks. He noted that the current account deficit could rise to 2% of GDP from the current 1.3%, but this is not a major concern. Furthermore, he expressed optimism about India's growth prospects, projecting a growth rate of 6.9% to 7% by 2026-27, supported by ongoing economic reforms and infrastructure investments. Dev described the Reserve Bank of India's decision to maintain policy rates as appropriate given the current economic climate.