Tag: RBI’s role
“Rupee Value Is Market‑Driven, Has No Target Band Against US Dollar”: What FM Sitharaman Says
Finance Minister Nirmala Sitharaman has made the government’s position on the rupee crystal clear: the exchange rate is market‑determined, and there is no fixed target or band against the US dollar. In a written reply to Parliament, she said the rupee’s value is shaped by market forces, while the Reserve Bank of India (RBI) monitors…
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