BusinessPhoto: NDTV WorldRBI Governor Sanjay Malhotra Says No Target Price for Rupee
Reserve Bank of India Governor Sanjay Malhotra stated at the NDTV World Summit 2026 that the RBI does not target any specific price for the rupee against the US dollar. However, the RBI aims to maintain orderly forex market conditions and has taken measures to curb speculative behavior and excessive volatility when necessary. Recently, the rupee approached a record low near Rs 97 per dollar but has since recovered over eight consecutive days.
NDTV World··New Delhi




