The RBI Governor suggests the rupee may now be undervalued following its recent depreciation, as it nears the critical 100-per-dollar mark amid geopolitical tensions in West Asia.

The Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malhotra indicated the rupee may be undervalued. The central bank has tools and…

A gauge of the rupee’s competitiveness against other currencies stood at 90.96 in April, showing the currency is likely undervalued against peers

Rupee strengthens as crude oil prices drop below $100, with RBI suggesting it may be undervalued amid geopolitical shifts.

The RBI Governor suggests the rupee may now be undervalued following its recent depreciation, as it nears the critical 100-per-dollar mark amid geopolitical tensions in West Asia.