'You buy an umbrella to use when it rains’, says RBI Governor Shaktikanta Das on using forex reserves
Image Credit: ANI
Due to the RBI actions, including measures to encourage inflows, the movements of the rupee have been relatively smooth and orderly, RBI Governor Shaktikanta Das said on Friday. Speaking at a conference, Das said, "By eschewing sudden and volatile shifts, we have ensured that expectations remain anchored and the forex market functions in a stable and liquid manner."