Is Rupee At 90 Sign Of A 'Weak' Economy? RBI Governor Responds

In an exclusive interview with NDTV, RBI Governor Sanjay Malhotra addressed concerns over the rupee touching 90 against the dollar, stating that the strength of a nation should not be judged solely by its currency's exchange rate. He said India's economic fundamentals remain strong, citing high growth, low inflation, financial stability, healthy investment and consumption, and adequate foreign exchange reserves. The Governor assured that the RBI's focus is on maintaining financial stability and ensuring that the rupee's movement remains orderly and not excessively volatile.