RBI Governor Sanjay Malhotra said at the NDTV World Summit 2026 in New Delhi that the central bank does not target any price or level for the rupee, but will keep curbing speculation and excessive volatility to ensure orderly forex markets. He said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty make central banking more challenging, with global inflation elevated and growth projected at 3.1% this year by the IMF. Price stability remains the primary responsibility of central banks, and most economies have raised policy rates, except a few including Japan and Sweden, where inflation is relatively low. In India, inflation has risen steadily since February, largely due to supply-side pressures, to 5.5%, and the RBI raised the policy repo rate by 25 basis points; its twin goals are taming inflation and ensuring financial stability.
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Original headline: RBI does not target any price or level for rupee , says Governor Sanjay Malhotra
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- RBI does not target any price or level for rupee , says Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra said at the NDTV World Summit 2026 in New Delhi that the central bank does not target any price or level for the rupee, but will curb speculation and excessive volatility to keep forex markets orderly. He said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty have made central bankers' job harder. Citing the IMF, he noted global growth is projected at 3.1% this year while global inflation remains elevated. India's inflation has risen steadily to 5.5%, largely due to supply-side pressures, and the RBI raised its policy repo rate by 25 basis points. He said the top priority is to rein in inflation while ensuring financial stability.
- RBI does not target any price or level for rupee , says Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra said the central bank does not target any price or level for the rupee, but will continue measures to curb speculation and excessive volatility to keep forex markets orderly. He said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty make central bankers' job more challenging. Inflation is elevated globally while growth is lower, with the IMF projecting 3.1% growth this year, and most economies have raised policy rates except a few such as Japan and Sweden. In India, inflation has risen steadily, largely from supply-side pressures, to 5.5%, and the RBI raised its policy repo rate by 25 basis points. He stressed that price stability is the primary goal, alongside financial stability.
- RBI does not target any price or level for rupee, says Governor Sanjay Malhotra
- RBI may announce unscheduled rate hike amid inflation , rupee pressures : Union Bank report
- RBI may announce unscheduled rate hike amid inflation , rupee pressures : Union Bank report
- RBI does not target any price or level for rupee , says Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra, speaking at the NDTV World Summit 2026, said the central bank does not target any price or level for the rupee, but will keep taking necessary measures against speculation and excessive volatility to maintain orderly forex markets. He said global inflation is elevated while growth is lower, with the IMF projecting 3.1% growth this year, and that geopolitical tensions, supply-chain disruptions and the West Asia conflict have made central bankers' job harder. Malhotra said India's inflation has risen steadily since February, largely due to supply-side pressures, to 5.5%, and that the RBI had raised its policy repo rate by 25 basis points. He stressed that controlling inflation is the top goal, while ensuring financial stability.
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