RBI Pushes Back on Exchange Rate Policy-Tweak Speculation
India’s policy of managing the exchange rate’s volatility hasn’t changed, central bank Governor Sanjay Malhotra said, quashing speculation that it was allowing large swings by staying on the sidelines and...
By Subhadip Sircar, Bhaskar Dutta · Bloomberg Markets
India’s policy of managing the exchange rate’s volatility hasn’t changed, central bank Governor Sanjay Malhotra said, quashing speculation that it was allowing large swings by staying on the sidelines and letting the rupee plumb new record lows this week.