RBI doesn't have any fixed exchange rate in mind, says governor Das amid depreciating rupee
The Indian currency is trading at a record low against the US dollar.
The Indian currency is trading at a record low against the US dollar.
Sitharaman informed Lok Sabha that the Reserve Bank of India regularly monitors the foreign exchange market and intervenes in situations of excess volatility.
Analysts are apprehensive that the rupee might slip towards 78 levels if the macroeconomic difficulties persist.