💨 Abstract
The Reserve Bank of India (RBI) governor, Sanjay Malhotra, announced that the central bank will be agile in addressing the banking system's liquidity needs. He also stated that the RBI is not targeting a specific price band for the rupee, focusing instead on controlling excessive volatility. The RBI recently cut its key interest rate for the first time in nearly five years.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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