RBI’s exchange rate policy ‘very consistent’, makes a lot of sense: World Bank
Indian Express·2h ago·Positivity
What Happened
The World Bank praised the Reserve Bank of India's exchange rate management, stating it is consistent and sensible. RBI Governor Sanjay Malhotra confirmed the central bank's policy remains unchanged, focusing on smoothing excessive volatility without targeting specific levels. The rupee fell past 95 per dollar in March due to geopolitical tensions and foreign investor exits. The World Bank upgraded India's GDP growth forecast to 6.6% for current fiscal, citing strong fundamentals and trade deals with EU and US. India's economic buffers enable resilience against ongoing crises.
Key Entities
Reserve Bank of IndiaWorld BankAurélien KruseSanjay MalhotraIndian rupeeForeign Portfolio InvestorsIndia-US trade dealWest Asia conflictGDP growth forecast