We do not target any level of Rupee; depreciation due to demand for U.S. dollar: RBI governor Sanjay Malhotra
Sanjay Malhotra. File | Photo Credit: The Hindu Reserve Bank governor Sanjay Malhotra on Thursday (November 20, 2025) said the central bank does not target any level of Rupee, and the recent depreciation of the domestic currency against the U.S. dollar is owing to demand for the greenback. The governor also said the Reserve Bank…