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ReutersGovernor also maintained that the regulator does not target any "any price level or any price band" while adding that Indian markets "are quite deep, quite wide." The Indian rupee's exchange rate is not a policy tool to fight trade tariffs, a senior Indian central bank official said on Wednesday.The exchange rate does not serve as a policy tool in a market where its level is determined by market forces, Reserve Bank of India Deputy Governor Poonam Gupta said at an event in Mumbai. The comment comes as the rupee faces consistent pressure due to worries over the impact of steep U.S. trade tariffs levied on Indian exports. The currency was last quoted at 88.2250 against the U.S. dollar and has declined 3% over 2025 so far. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onIndian rupee exchange rateReserve Bank of IndiaRBIrupeerupee newsrupee exchange rate (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onIndian rupee exchange rateReserve Bank of IndiaRBIrupeerupee newsrupee exchange rate(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories
