Rupee Reaches 90 vs Dollar, RBI Says Market Will Decide 💰

Reserve Bank of India Governor Sanjay Malhotra has reiterated that the central bank does not target any specific level for the rupee, allowing market forces to determine its value. Speaking amid heightened attention as the currency briefly breached the 90-per-dollar mark, he emphasised that the RBI intervenes only to curb extreme volatility and not to support the rupee. Governor Malhotra’s comments underline the central bank’s approach of permitting the currency to move freely while ensuring stability in the external sector.

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