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Story summary
- Reserve Bank of India Governor Sanjay Malhotra says the rupee near 90 per dollar is not a cause for alarm.
- He says the rupee's value should not define economic strength, noting India's growth, low inflation, and strong forex reserves.
- The RBI aims for orderly currency movements, not targeting a specific exchange rate.
- The bank remains open to further rate easing in a neutral environment, with inflation at 1.33% in December.
