Finance Minister Nirmala Sitharaman attributes fluctuations in India’s rupee to a mix of international and domestic developments, according to The Hindu. She points to external developments that affect currency movement, indicating that global conditions can influence investor sentiment and capital flows. At the same time, she also cites domestic factors as part of the drivers behind changes in the rupee’s value. The remarks frame the currency’s movement as the result of multiple interacting influences rather than a single cause. While the article’s excerpt does not specify which particular global events or domestic variables are most relevant, it emphasizes that the rupee responds to both conditions outside India and economic factors within the country. The Finance Minister’s explanation is presented as a general assessment of what determines day-to-day and period-to-period movements in the exchange rate.