RBI Governor says forex intervention only to curb volatility not targeting specific level of Rupee

Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday reiterated that its intervention in the foreign exchange market is aimed solely at curbing excessive volatility and not at targeting any specific level of the rupee.

Speaking during the monetary policy announcement, RBI Governor, Sanjay Malhotra said, 'Despite the stronger macroeconomic fundamentals, the Indian rupee in the last f