Raghuram Rajan Says Current Rupee Volatility Is Not A Panic Situation
· Business · NDTV, LiveMint
Former RBI Governor Raghuram Rajan has stated that the current state of the rupee does not warrant a panic situation. The currency is trading at approximately 95.50 against the US dollar, showing a recovery from the 97 level recorded in May. This improvement follows recent capital-raising measures implemented by the RBI to increase dollar inflows. The central bank's intervention has been a key factor in stabilizing the exchange rate.
Why it matters
Rajan's assessment provides a perspective on the stability of the Indian currency, which is a critical indicator for market participants and the broader economy.
Read the original report — NDTV
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