'We should not focus on day-to-day Re volatility': Governor Sanjay Malhotra

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'We should not focus on day-to-day Re volatility': Governor Sanjay Malhotra - Times of India

Quick Summary:

MUMBAI: RBI has broken its silence on exchange rate movements, with governor Sanjay Malhotra saying the central bank will "ensure orderliness and stab.

On Friday, after the rate cut announcement, the rupee closed at 87.42, gaining 16 paise from its previous close.

Economists and forex dealers speculate that RBI's stance may have shifted with the arrival of Malhotra, as the sharp fall in the rupee's value coincided with his appointment.