Rupee value is market-driven, has no target band against US dollar: FM Sitharaman

Rupee value is market-driven, has no target band against US dollar: FM Sitharaman

Finance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of India monitors foreign exchange markets and intervenes when needed. Several measures are in place to boost foreign exchange inflows into India. These initiatives aim to ease pressure on the Indian rupee. The government closely tracks economic parameters and their implications.

Value of rupee market-determined with no specific level or band: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the rupee's value against the US dollar is market-determined and there is no target or specific …