Rupee holding up well among peers: RBI

TIL Desk/Business/New Delhi/ RBI Governor Shaktikanta Das says Indian economy is relatively better placed amid grim global scenario. Indian rupee is holding up well relative to advanced and emerging market peers.

“RBI has been supplying US dollars to the market to ensure adequate supply of liquidity,” says Das. “It is necessary to look at unhedged forex exposures factually, rather than being alarmed by it. we have zero tolerance for volatile and bumpy movement of rupee.

RBI actions have helped in smooth movement of rupee. Current inflation targeting framework has worked very well since its adoption in 2016,” the RBI governor said.

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