The world’s scenario in the last 10 years turned 180 degrees, and making Budget is more challenging now than ever before, she said, adding Budget balances national development necessities with fiscal priorities: Sitharaman said inflation trend, particularly food, appears to be moderating.”Inflation management receives the highest priority of this government. Overall, retail inflation is within the notified tolerance band of 2-6 per cent,” Sitharaman said.On the weakening of rupee against US dollar, the minister said various global and domestic factors are influencing the value of rupee against the US dollar.The Indian rupee has depreciated 3.3 per cent against the US dollar between October 2024 and January 2025, but the decline has been lower than that in some of its Asian peers.South Korean Won and Indonesian Rupiah depreciated by 8.1 per cent and 6.9 per cent, respectively in this period.Further, all G-10 currencies also depreciated during this period by more than 6 per cent with Euro and British Pound depreciating by 6.7 per cent and 7.2 per cent, respectively.Sitharaman also said there has been no cut in transfer to states and Rs 25.01 lakh crore will be transferred in FY’26.
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