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RBI Confident With Currency Situation, FX Reserves Quite Strong

INDIA
  • RBI Governor Das commented that the central bank is confident with the currency situation and is looking to maintain a low volatility on INR as the RBI does not like excessive volatility in the current environment.
  • *INDIA FX RESERVES ARE QUITE STRONG, RBI'S DAS SAYS
  • The broad USD strength has been weighing on EM FX; USDINR has been constantly reaching new all-time highs and is currently trading slightly below the 80 level.
  • Das added that the RBI will continue to ensure that growth will not slow down massively.

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