RBI Governor Defends Forex Curbs
Reserve Bank of India Governor Sanjay Malhotra stated that recent foreign exchange measures are designed to curb market speculation and ensure orderly rupee movements. He noted that price and financial stability remain closely linked.
Reserve Bank of India Governor Sanjay Malhotra said recent foreign-exchange measures target currency speculation, defending actions taken since October 10. The central bank intervened as markets displayed excessive pessimism toward the rupee.
