Home Economy RBI looks to retain stance on rupee amid volatility
Economy - 4 weeks ago

RBI looks to retain stance on rupee amid volatility

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

Read full article

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

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…