rbi policy

The Reserve Bank of India doesn’t target any specific level for the rupee in the foreign exchange market and only intervenes in order to control excessive volatility, Governor Sanjay Malhotra reiterated on Friday. His statement comes at a…

The Reserve Bank of India’s monetary policy committee on Friday, slashed the benchmark repo rate by another 25 basis points to 5.25 per cent and also announced liquidity injection measures, which together should boost the lower interest…