Intervention Policy: Das says RBI steps in only to check rupee volatility, anchor mkt expectation
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Intervention Policy

Das says RBI steps in only to check rupee volatility, anchor mkt expectation

Reserve Bank of India Governor Shaktikanta Das on Thursday defended the central bank's forex intervention policy, saying it is "well-articulated" and "consistent". Speaking at CNBC-TV18's Global Leadership Summit in Mumbai, with the Indian currency near its all-time low against the US dollar, Das said the central bank's interventions are not to target a level but to anchor market expectations.

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