April 8, 2026 12:29 PM
Forex intervention aimed at containing volatility, not targeting rupee level: RBI
The Reserve Bank of India (RBI) on Wednesday reiterated that its interventions in the foreign exchange market are aimed at curbing excessive volatility and not at targeting any specific level of the rupee. The central bank kept the policy repo rate unchanged at 5.25 per cent in its first monetary policy announcement for the financial year 2026–27, citing rising global risks and geopolitical tensions. Speaking during the monetary policy announcement, RBI Governor Sanjay Malhotra said the cent...


