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RBI steps in with big measures for rupee, but should it let currency fall instead?
One thought process is that the RBI should allow the market forces to let the rupee find its levels. Indeed the IMF recently said that India should allow the exchange rate to act as a shock absorber. Interestingly, RBI governor Sanjay Malhotra believes that the rupee is actually undervalued. What should RBI do?
The Times of IndiaRBI’s ‘bazooka’ sees rupee rising 1.4% versus dollar in two days, but should central bank let it fall?
Smriti Jain · Oct 13, 2026