RBI does not target any level for rupee, says governor
RBI does not target any level for rupee, says governor
RBI Governor Sanjay Malhotra clarified the central bank does not aim for a specific rupee level. He noted recent depreciation is driven by market demand and trade expectations. Malhotra expressed confidence in a good trade deal and highlighted India's strong foreign exchange reserves. The RBI remains cautious on cryptocurrencies, focusing on its own digital rupee for payments.
RBI Governor Sanjay Malhotra clarified the central bank does not aim for a specific rupee level. He noted recent depreciation is driven by market demand and trade expectations. Malhotra expressed confidence in a good trade deal and highlighted India's strong foreign exchange reserves. The RBI remains cautious on cryptocurrencies, focusing on its own digital rupee for payments.
RBI Governor Sanjay Malhotra clarified the central bank does not aim for a specific rupee level. He noted recent depreciation is driven by market demand and trade expectations. Malhotra expressed confidence in a good trade deal and highlighted India's strong foreign exchange reserves. The RBI remains cautious on cryptocurrencies, focusing on its own digital rupee for payments. 
