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    <title>RBI does not target any level for rupee: Guv Malhotra</title>
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    <description>RBI does not target any rupee level and treats the exchange rate as market-determined; recent depreciation reflects increased dollar demand from trade disruptions and tariffs, affecting the current and capital accounts. The Bank stresses ample foreign exchange buffers and prioritises financial stability, advocating market-based determination while reserving regulatory intervention for market failures, simplifying regulations with safeguards, enforcing rules consistently but allowing flexibility, and strengthening interregulatory coordination.</description>
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