Reserve Bank of India Governor Sanjay Malhotra said the central bank does not target any specific price or level for the rupee, but will keep taking measures to curb speculation and excessive volatility to ensure orderly conditions in the forex market. Speaking at the NDTV World Summit 2026, he said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainties have made central banks' job more challenging. He noted that global inflation is elevated while growth is lower, projected at 3.1% this year by the IMF. India's inflation has risen steadily since February to 5.5%, largely due to supply-side pressures, and the RBI raised its policy repo rate by 25 basis points. Malhotra said the twin goals are curbing inflation as the top priority while maintaining financial stability.
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Related news
- RBI does not target any price or level for rupee , says Governor Sanjay Malhotra
At the NDTV World Summit 2026 in New Delhi, 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 keep forex markets orderly. He said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty have made the central banker's job more challenging. Globally, inflation is elevated while growth is lower, with the IMF projecting 3.1% for this year. In India, inflation has risen steadily to 5.5 per cent, largely due to supply-side pressures, and the RBI has raised the policy repo rate by 25 basis points, with price stability as its top goal.
- 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 continue taking necessary measures to curb speculation and excessive volatility in the forex market. He said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainties have made central banks' job harder, while the IMF projects global growth at 3.1% this year. India's inflation has risen steadily, mainly due to supply-side pressures, to 5.5%, and the RBI has raised its policy repo rate by 25 basis points. Malhotra stressed that price stability is the top priority, alongside financial stability.
- 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 in New Delhi, said 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 banking more challenging, with global inflation elevated and the IMF projecting global growth of 3.1% this year. Most economies have raised policy rates to fight inflation, except a few, including Japan and Sweden, where inflation remains relatively low. In India, inflation has risen steadily since February, largely due to supply-side pressures, reaching 5.5%, and the RBI has raised its policy repo rate by 25 basis points. Malhotra stressed that price stability is the top goal, alongside 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 to ensure orderly forex markets. He said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty have made central banking more challenging, with global inflation elevated and growth lower, projected at 3.1% this year by the IMF. Most economies have raised policy rates to fight inflation, except a few including Japan and Sweden, where inflation remains relatively low. On India, he said inflation has risen steadily on supply-side pressures to 5.5%, and the RBI has raised the policy repo rate by 25 basis points in response. Malhotra 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 does not target any price or level for rupee, says Governor Sanjay Malhotra
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