Indian Rupee Strengthens as RBI Governor Calls Currency Undervalued
Sourced from 3 publications
- •RBI Governor Malhotra stated the rupee appears undervalued after depreciating about 6% since the West Asia conflict began on February 28.
- •The rupee strengthened on falling oil prices tied to US-Iran deal expectations and the central bank's valuation comments.
- •The RBI declared readiness to use all available tools and reserves to maintain orderly forex conditions.
- •Inflation management remains the central bank's primary monetary policy objective, a goal complicated by currency weakness.
- •Broader emerging market pressures from US tariff uncertainty have added to downward pressure on the rupee.
Sources
India Rupee Climbs on Oil Relief, Central Bank Valuation Comment
Bloomberg
RBI ready to do 'whatever is required' to curb rupee volatility: Sanjay Malhotra
Indiatimes
RBI will do 'whatever is required' to ensure orderly forex market: Guv
Business-standard
India Rupee May Be Undervalued, RBI Governor Tells Mint
Bloomberg
Curated from 3 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.
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