RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM

What happened: Finance Minister Nirmala Sitharaman said the RBI will continue efforts to curb rupee volatility, noting the currency has depreciated significantly due to global uncertainties despite strong Indian economic fundamentals. Key numbers: None. Why it matters: She said recent RBI measures helped the rupee appreciate temporarily, and acknowledged healthy debate around tax rationalization in the securities market.

Finance Minister Nirmala Sitharaman said the RBI will continue efforts to curb rupee volatility, noting the currency has depreciated significantly due to global uncertainties despite strong Indian economic fundamentals.

She said recent RBI measures helped the rupee appreciate temporarily, and acknowledged healthy debate around tax rationalization in the securities market.