RBI Governor: Central Bank Will Curb FX Volatility Without Targeting Rupee Price
3 reports, 1 independent
Updated Oct 25
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What happened
RBI Governor Sanjay Malhotra stated that the Reserve Bank of India will continue to take necessary measures to curb speculative activities and excessive volatility in the foreign exchange market. He clarified that the central bank does not target any specific price or level for the Indian Rupee.
From trinidadtimes.com
Why it matters
The central bank emphasized that its primary goal is preventing market disruptions, noting that global inflation levels are elevated and worldwide growth is projected at 3.1% for the year, according to the IMF.
From trinidadtimes.com
Who's involved
- Reserve Bank of IndiaCentral bank managing the foreign exchange market and ensuring orderly conditions.
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The entities involved
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Reserve Bank of India
central bank of India
Related events
- RBI may raise interest rates due to inflation.
- The Reserve Bank of India has issued estimates regarding consumer inflation trends, influenced by economic disruptions stemming from the war in West Asia.
- The Reserve Bank of India intervenes to manage currency stability amid external pressures, while policy reforms are advised by experts.
- Sustained food inflation pressures the Reserve Bank of India.