RBI sees rupee as undervalued; FCNR(B) inflows cross $32 billion
The RBI views the rupee as undervalued, Governor Sanjay Malhotra indicated, while stressing that inflation control remains the central bank's foremost priority. FCNR(B) deposit inflows have crossed $32 billion and foreign investment in government securities has risen, strengthening India's external position.
Nabka Insight
RBI's stance on the rupee, inflation priority and FCNR(B) inflows are core banking-and-economy topics.
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- RBI Governor: Sanjay Malhotra.
- RBI sees the rupee as undervalued; inflation control is the foremost priority.
- FCNR(B) inflows have crossed $32 billion.
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