Reserve Bank Governor Shaktikanta Das said on Friday that despite the fall, the rupee remains stable in comparison to the currency of many developed countries of the world. At the same time, he has also said that the Reserve Bank is adopting a zero-tolerance policy on the falling rupee.
RBI Governor Shaktikanta Das, while speaking during the Economic Conference of the Bank of Baroda, said that the rate of inflation in India has remained almost constant, as well as we have sufficient foreign exchange reserves. The RBI governor has said that the central bank is supplying US dollars to maintain adequate liquidity in the market.
Let us tell you that according to a report by Swiss brokerage UBS Securities, India has a substantial forex reserve of $580 billion. However, there has been a significant decline in this compared to November last year. In November last year, India had a forex reserve of 642.4 billion dollars.
RBI Governor Shaktikanta Das has also said that there is no fixed level in our mind regarding the rupee, but the central bank is taking continuous steps by taking its strength.
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