New Delhi, June 7 -- As the Indian Rupee faces persistent volatility against the US Dollar, renowned economist and newly appointed Executive Director at the World Bank, Neelkanth Mishra, has offered a clear diagnosis: the current market turbulence is a "liquidity problem," not a fundamental solvency crisis.

Speaking with ANI, Mishra argued that the depreciation is less a reflection of India's economic health and more a symptom of a "stampede" driven by panic among real-economy players.

Mishra said that with India's foreign debt/GDP very low, he argued the priority should be to end currency market panic quickly and provide visibility of $70-80-100 billion in capital inflows over the next two years.

Mishra emphasised that while the exact...