MUMBAI: RBI has broken its silence on exchange rate movements, with governor Sanjay Malhotra saying the central bank will “ensure orderliness and stability without compromising market efficiency”.Economists and forex dealers speculate that RBI’s stance may have shifted with the arrival of Malhotra, as the sharp fall in the rupee’s value coincided with his appointment. While…
MUMBAI/ NEW DELHI: RBI will retain its policy of currency market intervention to check excessive volatility as part of its overall strategy for macro-economic management, amid reports indicating a more “flexible approach”.On Tuesday, the Indian currency dropped to close at a new low of 86.63 against the dollar, down from the previous close of 86.58,…
NEW DELHI: The revenue secretary Sanjay Malhotra has been appointed the 26th governor of the Reserve Bank of India. A 1990 Batch Rajasthan Cadre IAS Officer, Malhotra will succeed Shaktikanta Das, who concludes his term on December 10, 2024. The appointments committee of the cabinet approved Malhotra’s appointment for a three-year term, commencing Wednesday.New RBI…
