RBI Governor: Rupee at 90 Not a Concern, Economy Strong

• RBI Governor Sanjay Malhotra states the rupee hovering near 90 per dollar is not a cause for concern for India's economic strength.
• Malhotra emphasizes RBI's focus is on orderly currency movement, not targeting a specific rupee level.
• He highlights India's strong growth, low inflation, financial stability, and adequate forex reserves as indicators of economic health.
• The RBI will ensure internal and external financial stability and prevent excessive rupee volatility.
• Rupee rebounded to 90.12 against the US dollar, gaining 11 paise, supported by lower crude prices and a weaker dollar.

Why It Matters: RBI Governor assures that the rupee's current level is not a threat, citing strong economic fundamentals.