RBI may take further measures to curb rupee volatility: FM Sitharaman
Economic Times 1 hr ago·13 Oct 2026, 8:52 am
Finance Minister Nirmala Sitharaman has clarified that the Reserve Bank of India (RBI) may introduce additional measures to manage the rupee's recent volatility. This statement comes after the currency posted its strongest single-day gain in six months, largely due to the central bank's intervention in the foreign exchange market. The RBI has been actively selling dollars to reduce demand and curb excessive fluctuations.
This development is significant for investors as it signals the central bank's commitment to maintaining financial stability. By stabilising the rupee, the RBI aims to protect the broader economy from external shocks and ensure that import costs, such as oil prices, do not spike unpredictably. A stable currency also helps in maintaining investor confidence in the domestic market.
Investors should keep a close watch on the RBI's future policy moves and any fresh interventions. While the government has assured that the goal is stability rather than fixing the exchange rate, the central bank's actions will continue to play a key role in shaping market sentiment and currency trends.
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- Category: Economy.
- Flagged as a high-impact, market-moving story.
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