Rupee is undervalued, says RBI Governor: What it means and why it matters
2 sources·Updated July 30, 2026
Covered by 2 sources
- ET Markets·17h agoRBI sold about $7 billion to defend rupee on Friday
India's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as the currency neared a record low. This intervention followed a surge in crude prices impacting Asian oil importers. The RBI's actions helped lift the…
Read at ET Markets → - Business Standard·1d agoRupee is undervalued, says RBI Governor: What it means and why it matters
RBI Governor Sanjay Malhotra says the rupee is undervalued and recent weakness is due to global factors, not India's economy. Here's what it means and why it matters
Read at Business Standard →
