Reserve Bank of India Governor Sanjay Malhotra said the central bank does not aim for any fixed rupee level, letting market forces determine its value. Speaking at an IMF session in Washington D.C., he stressed that RBI only intervenes to curb volatility, not to fix rates. BullestIn • RBI doesn’t target specific rupee value or
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Reserve Bank of India Governor Sanjay Malhotra said the central bank does not aim for any fixed rupee level, letting market forces determine its value. Speaking at an IMF session in Washington D.C., he stressed that RBI only intervenes to curb volatility, not to fix rates. BullestIn • RBI doesn’t target specific rupee value or
The Indian rupee reached a historic low of 84.38 per dollar on Thursday, affected by rising crude oil prices and continuous selling of domestic equities by foreign investors. The rupee’s decline is also influenced by the upcoming US Federal Reserve meeting and increased US yields after the recent presidential election result. BulletsIn Rupee touched an
The Indian rupee reached a historic low of 84.38 per dollar on Thursday, affected by rising crude oil prices and continuous selling of domestic equities by foreign investors. The rupee’s decline is also influenced by the upcoming US Federal Reserve meeting and increased US yields after the recent presidential election result. BulletsIn Rupee touched an
