RBI looks to retain stance on rupee amid volatility
The RBI will continue its currency market intervention strategy to manage excessive volatility and maintain macro-economic stability. The rupee hit a new low of 86.63 against the dollar amid speculation about a more flexible approach. Active interventions have used significant foreign exchange reserves since September to defend the Indian currency.
Author Of article : Mayur Shetty and Sidhartha
Will be agile in liquidity response: RBI governor Sanjay Malhotra’s cash promise
The Reserve Bank of India (RBI) will remain attentive and responsive to the liquidity need…