RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM

The Reserve Bank of India will continue efforts to curb volatility in the rupee, according to the finance minister. The minister also attributed the currency’s fall to external factors.

External pressures cited for rupee decline

The comments distinguish between the rupee’s decline and the RBI’s efforts to manage sharp fluctuations. While external factors are driving the currency lower, the central bank is expected to remain focused on limiting volatility.

What it means for the currency

The statement signals continuity in the RBI’s approach to rupee movements. It does not provide further details on the specific external factors behind the fall or outline any new measures.

For now, the finance minister’s remarks indicate that efforts to contain rupee volatility will continue as external pressures weigh on the currency.