BusinessRBI Governor Says Rupee Undervalued, Promises Stability
Reserve Bank of India Governor Sanjay Malhotra stated that the rupee is likely undervalued according to several estimates, including the Real Effective Exchange Rate (REER). Speaking amid the rupee nearing an all-time low against the dollar, he assured that the RBI will support the currency to reach its correct value and maintain orderly movement without excessive volatility. The rupee has faced pressure due to rising crude prices after the West Asia conflict began in February.
Mint Markets··Mumbai




