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The Reserve Bank of India should intervene less in the foreign exchange market and let the rupee be a little volatile and flexible, Prasanna Balachander, head of treasury, ICICI Bank Global Markets Group, said at the Rupee Money Conference Saturday. "If you have a very stable currency, if you do not let the universe of equilibrium play, it will have its impact and I think the (US president-elect) Trump trade you know kind of engineered it. So, I would say I would definitely want them to intervene less...personally, would definitely want them to intervene a little less in the FX market," Prasanna said.
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