Rupee Nears Record Low Despite RBI Hike, Governor Says Markets Can Be Irrational

Rupee nears record low despite RBI hike, governor says markets can be irrational

The Indian rupee has dipped to its lowest point in five months, following a recent interest rate hike by the Reserve Bank of India. Analysts remark that the monetary policy appears too lenient to stabilize the currency. Investors are wary as ongoing portfolio outflows and rising global bond yields continue to exert pressure.

Rupee undervalued, RBI governor says, even as he promises stability against dollar

The RBI will ensure that the rupee stabilises, that the rupee finds its correct value, while ensuring that there is no excessive volatility, Governor Sanjay Malhotra says.

Rupee may be undervalued despite market depreciation bias: RBI Governor - tennews.in: National News Portal

Mumbai, Oct 7 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said financial markets can often behave irrationally in the short term and suggested that several indicators point to the rupee being undervalued rather than overvalued. Speaking at the post-policy press conference following the Monetary Policy Committee’s (MPC) decision, Malhotra said […] The post Rupee may be undervalued despite market depreciation bias:…

Rupee may be undervalued despite market depreciation bias: RBI Governor

Digital Desk | Mumbai, Oct 7 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said financial markets can often behave irrationally in the short term and suggested that several indicators point to the rupee being undervalued rather than overvalued. Speaking at the post-policy press conference following the Monetary Policy Committee's (MPC) decision, Malhotra said market perceptions and currency positioning do not alw…