#GitaGopinath Backs #RBI For Letting Indian #Rupee Adjust Against #usdollar: Here's Why

Former IMF Deputy Managing Director Gita Gopinath has strongly backed the Reserve Bank of India’s (RBI) handling of the Indian Rupee. Gopinath said the RBI is taking the right approach by allowing the rupee to move in line with economic fundamentals and intervening only to prevent disorderly market conditions. She warned that artificially propping up the currency could deter foreign investment and delay necessary economic adjustments. She emphasised that exchange rate flexibility is crucial for economies to absorb external shocks and maintain competitiveness. Watch Gita Gopinath’s full remarks on RBI’s rupee management and monetary policy. Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx3pdg Now make Mint your preferred source on Google and get business & finance updates first. Add here - https://www.google.com/preferences/source?q=mint Subscribe to Mint Premium Now: https://www.read.ht/Scaq Subscribe to Mint's WhatsApp Channel: https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d

Added 28 Jul 2026