RBI Does Not Target Any Specific Rupee Level, Focuses on Curbing Volatility, Says Governor Sanjay Malhotra
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4 Articles
RBI does not target any specific Rupee level, focuses on curbing volatility, says Governor Sanjay Malhotra
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the central bank does not target any specific exchange rate or level for the rupee against the US dollar, stressing that its primary objective is to ensure orderly conditions in the foreign exchange market and prevent excessive volatility.
New Delhi, Oct 23 (IANS) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the central bank is not focused on defending a particular level of the rupee against the dollar, but its primary goal is to bring stability to the foreign exchange market. Speaking at the NDTV World Summit 2026 in the national capital, Malhotra said the RBI intervenes in the currency market only when there is a need to address speculative activity or exc…
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bhaskarlive.inRBI does not target any specific Rupee level, focuses on curbing volatility: Governor Malhotra
New Delhi, Oct 23 (SocialNews.XYZ) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the central bank does not target any specific exchange rate or level for the rupee against the US dollar, stressing that its primary objective is to ensure orderly conditions in the foreign exchange market and prevent excessive volatility. Speaking during an interactive session at the NDTV World Summit 2026 in the national capital, Malhotra sai…
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