RBI Efforts to Curb Rupee Volatility to Continue, Minister Says

RBI Efforts to Curb Rupee Volatility to Continue, Minister Says India’s central bank will likely continue its efforts to curb volatility in the rupee, Finance Minister Nirmala Sitharaman said Tuesday, after recent measures helped the currency rebound from steep losses. The Reserve Bank of India is “not trying to fix the rupee. They are trying to stop the volatility, and for that there is a lot of effort from RBI side,” Sitharaman said at the Bloomberg New Economy Forum in New Delhi. “These efforts from RBI, I understand, will continue.”