New Delhi, July 22 -- The government has said the value of the Indian rupee is determined by market forces and that the country's macroeconomic fundamentals remain strong despite global uncertainties.

Replying to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said the rupee's movement is influenced by several domestic and global factors, including the US Dollar Index, capital flows, interest rates, crude oil prices and the current account deficit.

He said India's economy has recorded real GDP growth of over 7 percent during the past three years, supported by robust domestic demand, healthy corporate balance sheets and prudent fiscal management. High-frequency indicators for the first quarter of 2026-27 als...