Rupee Crosses 90/$: RBI's Market-Driven Approach 🇮🇳

India Today's Raj Chengappa and MG Arun in an exclusive conversation with RBI Governor Sanjay Malhotra. As the rupee crosses the 90 mark against the dollar, the RBI Governor explains why the central bank is not rushing to defend any specific exchange rate level, unlike in the past. Malhotra says the RBI follows a clear policy of not targeting a fixed rupee level, allowing market forces to determine prices while stepping in only to curb excessive volatility or speculation.
He explains that some rupee depreciation is natural due to higher inflation compared to advanced economies, with a moderate fall seen as normal. While a weaker rupee can support exporters, the RBI’s focus remains on financial stability and long-term fundamentals, which he says remain strong enough to meet India’s external requirements without hurting importers or exporters.

#RBI #IndianRupee #RupeeVsDollar #IndianEconomy #RBIPolicy #Currency #Forex #Inflation #MarketVolatility #CentralBank #EconomicPolicy #FinancialStability #BusinessNews #India


-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
Website: https://www.businesstoday.in
WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I
Facebook: https://www.facebook.com/BusinessToday
twitter: https://twitter.com/business_today
Instagram: https://www.instagram.com/business_today/