On Rising Bond Yields, Rupee, Forex & More: RBI Governor Sanjay Malhotra At NDTV World Summit

The Reserve Bank of India maintains a steadfast commitment to price stability and financial resilience amidst global economic headwinds, including supply chain disruptions and geopolitical conflicts. Governor Sanjay Malhotra emphasizes that while inflation remains elevated due to supply-side pressures, the central bank’s policy framework—centered on a 4% inflation target—effectively anchors the economy. Although the rupee faces volatility, the RBI avoids targeting specific currency levels, focusing instead on ensuring orderly market conditions and curbing speculative behavior. Beyond monetary policy, the central bank prioritizes the security of the digital banking ecosystem by enforcing rigorous IT audits and regulatory oversight to mitigate emerging cyber and AI-related risks. India’s strong macroeconomic fundamentals, characterized by broad-based growth and robust export performance, provide a buffer against external shocks, ensuring the country remains well-positioned to navigate the current global uncertainty.