Sitharaman says RBI will keep acting to steady the rupee
In short
Finance Minister Nirmala Sitharaman said the RBI will keep trying to reduce rupee swings after steps announced two days earlier. Mint said the rupee had held firm and may have appreciated.
This matters because currency moves affect traders, importers and exporters. The available reporting does not spell out the full RBI measures or how far the rupee may go.
What the reporting says
Finance Minister Nirmala Sitharaman said the RBI would continue efforts to contain rupee volatility after recent measures announced two days earlier. Mint’s summary said the rupee had held firm and probably appreciated, while Sitharaman said the RBI did not want to fix the rupee and instead wanted it to find its own level. The exact measures and market impact were not detailed.
Why it matters
Finance Minister Nirmala Sitharaman said the RBI would continue efforts to contain rupee volatility after measures announced two days earlier. Mint’s summary said the rupee had held firm and probably appreciated, and that the RBI wanted the currency to find its own level rather than be fixed. The specific measures and broader market consequences were not stated.