RBI Governor Says Rupee Undervalued, Not Overvalued Globally

The Reserve Bank of India’s governor, Sanjay Malhotra, said the Indian rupee is not too strong and might actually be a bit weak.

He thinks the rupee’s fall is mainly because of things happening around the world, like wars and a strong US dollar, not because India’s economy is weak.

The RBI doesn’t try to keep the rupee at a certain level; it only steps in when the market gets too jumpy.

The rupee has moved from being a bit too strong to being a bit too weak, which helps Indian goods become cheaper for other countries.

This has made India’s exports grow a lot, especially in 2025‑26, and the country has reached record-high export numbers.

But a very weak rupee can also raise prices for things India buys from other countries, so the RBI watches it closely.