New Delhi, June 14 -- The Indian rupee's movement is a natural part of macroeconomic adjustment and should not be viewed through the lens of fixed psychological thresholds such as the 100-per-dollar mark, Chief Economic Adviser V Anantha Nageswaran said, stressing that the exchange rate functions as a "shock absorber" in a volatile global environment.

In an exclusive conversation with ANI, Nageswaran said that currency depreciation should be understood in the broader context of external shocks, global uncertainty, and shifting capital flows rather than as a sign of domestic economic weakness. According to him, when the economy faces disruptions such as energy price spikes, supply chain shocks or geopolitical tensions, the exchange rate i...