Exchange rate policy consistent; not targeting specific rupee level: RBI Guv Sanjay Malhotra
RBI Governor Sanjay Malhotra stated that the central bank's exchange rate policy aims to ensure orderliness and stability, without targeting specific rupee levels. Amid the rupee falling to a record low of 87.
In his post-MPC meet presser, the RBI governor came down heavily on regulated financial entities, including banks and ...
The Reserve Bank of India announced a 25 basis point cut in the repo rate, now at 6.25%, the first reduction in five years.
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