Home / Business and Economy / RBI Governor: Rupee Dip Due to Dollar Demand
RBI Governor: Rupee Dip Due to Dollar Demand
20 Nov, 2025
Summary
- RBI does not target any specific rupee level.
- Rupee depreciation is driven by increased dollar demand.
- Indian banks are expected to rank among global top lenders soon.
Reserve Bank of India Governor Sanjay Malhotra has clarified that the central bank does not target any specific exchange rate for the rupee. He explained that the recent depreciation against the US dollar is primarily a result of increased demand for the greenback in the financial market.
Malhotra emphasized that India's foreign exchange reserves are in a "very good" state, alleviating concerns about the external sector. He also highlighted the RBI's commitment to maintaining financial stability while simplifying regulations where possible without compromising safeguards.
Looking ahead, the governor expressed optimism about the Indian banking sector, predicting that several domestic banks will soon be recognized among the top 100 global lenders, reflecting their strong performance.
