BusinessRBI Governor Assures Steps to Stabilize Weakening Rupee
RBI Governor Sanjay Malhotra acknowledged the rupee's weakness on Wednesday, citing various forecasts. He assured that the central bank will stabilize the currency and help it reach its true value. Speaking at RBI headquarters, Malhotra noted that markets may be irrational short-term but reflect true value long-term. The rupee recently hit a record low of 96.96 against the dollar amid rising crude prices due to the West Asia conflict, pressuring the currency. RBI supports orderly rupee movement to avoid excessive volatility.
Amar Business·



