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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 the central bank does not target any price or level for the rupee, but will keep taking measures to curb speculation and excessive volatility to ensure orderly forex markets. He said geopolitical tensions, supply-chain disruptions, the West Asia conflict and trade uncertainty have made central bankers' job harder, as global inflation is elevated while growth is lower, projected at 3.1% this year by the IMF. Most economies have raised policy rates to tackle inflation, except a few such as Japan and Sweden where inflation is relatively low. In India, inflation has risen steadily since February, largely due to supply-side pressures, reaching 5.5%, and the RBI raised its policy repo rate by 25 basis points. Malhotra said controlling inflation remains the top goal, alongside 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 keep taking necessary measures to curb speculation and excessive volatility and ensure orderly conditions in the forex market. Speaking at the NDTV World Summit 2026 in New Delhi, he said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty have made the work of central banks more challenging. He noted that global inflation is elevated and commodity prices are higher, while global growth is lower, at 3.1% this year according to the IMF. He stressed that price stability remains the primary responsibility of central banks, and that inflation in India has risen steadily, largely due to supply-side pressures, to 5.5%. The RBI has raised its policy repo rate by 25 basis points, and its top goal 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 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 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.
- RBI may announce unscheduled rate hike amid inflation , rupee pressures : Union Bank report
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