India’s rupee has room to appreciate from current levels, RBI Deputy Governor Poonam Gupta says

A deputy governor signalling appreciation scope is notable because it inverts the usual emerging-market framing, where officials typically talk down depreciation risk. The remark matters most for export-facing businesses and anyone holding rupee exposure, since it hints at the RBI's tolerance band rather than a policy action. The open question is whether this reflects a deliberate preference for a stronger currency or merely comfort with current market conditions — no timeframe or figures were offered, so the signal stays directional rather than operational.