Reserve Bank Governor Sanjay Malhotra emphasised that market forces determine the rupee's value against the US dollar, and the RBI focuses on medium to long-term stability rather than daily fluctuations.

In a highly anticipated press conference held today, Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor shared crucial updates regarding India’s economic policies, the Rupee’s value,

Governor Sanjay Malhotra on Saturday said that the central bank is aiming to make India ‘investor-friendly,’ reported the news agency PTI. Indian Rupee recovered after hitting all-time low with RBI's MPC stance.