Niti Aayog vice chairman Rajiv Kumar said Tuesday that he was more concerned about the rising trade deficit than the falling rupee, and called for efforts to push exports.
He also said that there is a constituency which benefits from strong rupee but it needs to be put on the back foot.
"I don't believe in strong rupee... Rupee should remain in its natural value, some countries depreciate their currency deliberately, this is wrong. It will be very difficult for India to try and push up the rupee," Kumar said at an event organised by industry body CII.
"There is a constituency that benefits from strong rupee...The constituency should be put on back foot," he added.
The rupee on August 16 had slumped to life-time low of 70.32 on strong demand for the US dollar.
Kumar further said that economic policy making should not focus only on fiscal deficit number, arguing that large economies like USA, China and European Union do not give much importance to fiscal deficit.