Archive · 21 Nov 2025
RBI: Rupee Depreciation Due to Market Forces, No Target Level
The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, said the RBI does not set a target for the value of the Indian rupee.
The recent decrease in the rupee's value is mainly because of increasing demand for dollars, influenced by capital flows and current account trends.
The RBI is hopeful that a good trade deal with the US will help reduce the pressure on India's current account.
The RBI's main goal is to keep the financial system stable, and it lets the markets decide most things while also regulating when needed.
RBI Governor Sanjay Malhotra says the central bank does not target any level for the rupee
Recent depreciation of the rupee is primarily due to rising demand for dollars, influenced by capital flows and current account trends
RBI confident of securing a favorable trade deal with the US to ease current account pressure
RBI prioritizes financial stability and encourages market-driven decisions while regulating
RBI vigilant against risks, simplifying regulations, and strengthening coordination with other regulators
- Who
- Reserve Bank of India Governor Sanjay Malhotra
- What
- Spoke about the rupee's depreciation and the RBI's role in financial stability
- When
- November 20, 2022
- Where
- Delhi School of Economics
- Why
- To address students and deliver the VKRV Rao Memorial Lecture
Market-Driven Approach
Regulatory Role
Market Decisions
Market-Driven Approach
RBI leaves market decisions to economic agents
Regulatory Role
RBI regulates to prevent market failures
- Currency
- Indian Rupee
- Target Level
- Not targeted by RBI
- Causes of Depreciation
- Rising demand for dollars, influenced by capital flows and current account trends
- RBI's Confidence
- Confident of securing a favorable trade deal with the US
- RBI's Priority
- Financial stability
Sources
RBI does not target any level for rupee: Guv Malhotra
RBI does not target any level for rupee: Governor Malhotra
RBI governor guarded on crypto, says India has digital rails for payments
RBI Doesn’t Target Rupee Level, Says Governor
Rupee fall due to penal tariffs, “Quite confident there will be a good trade deal”: RBI Guv
‘Good trade deal’ with US to support rupee stability: Malhotra
‘Good trade deal’ with US should ease pressure on current account, rupee: RBI Governor Sanjay Malhotra
RBI governor says rupee moves driven by market forces as dollar demand now rises
Financial Regulation More Complex Than Other Sectors As It Safeguards Systemic Stability: RBI Governor
Demand for Greenback weighing on Re: RBI Guv
"Do Your Karma, Dots Will Connect": RBI Governor's Advice To Students
Rupee Drifts Higher Tracking Asia FX, Buoyed By Interbank Dollar Offers
Financial regulation more complex than other sectors as it safeguards systemic stability: RBI Governor
Rupee hits record low amid volatile equities: Key factors behind the currency crash
Rupee hits all time low at 89.48 as Fed cut hopes fade and US-India deal uncertainty
