BusinessPhoto: News18Hi BusinessRBI Governor Sanjay Malhotra on Measures to Stabilize Rupee
RBI Governor Sanjay Malhotra stated that the Reserve Bank of India is taking strict measures to prevent excessive volatility in the rupee and curb speculation in the foreign currency market. He emphasized that the RBI is ready to take necessary steps if needed. Recent regulations are not aimed at restricting foreign investment, and the RBI does not target a specific rupee level. No clear indication was given on interest rate hikes.
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