RBI does not have fixed dollar-rupee exchange rate: Governor
The Reserve Bank of India (RBI) does not have any fixed dollar-rupee exchange rate and its market interventions are to curb excessive volatility, said Governor Shaktikanta Das.
The Reserve Bank of India (RBI) does not have any fixed dollar-rupee exchange rate and its market interventions are to curb excessive volatility, said Governor Shaktikanta Das.
In a bid to keep inflation under a specified level, the government in 2016 had decided to set up Monetary Policy Committee headed by RBI Governor.
His statement comes after the federal bank kept the benchmark interest rates unchanged in the second consecutive policy review.
