Not concerned about rupee value, RBI managing volatility: Finance Secretary

Amid rupee falling to a grounds debased level of 87.29 to a dollar, Finance Secretary Tuhin Kanta Pandey connected Monday said determination is nary interest implicit rupee worth and the Reserve Bank of India is managing the volatility of the section currency.

"There is nary interest astir the worth of the rupee. The volatility successful rupee is being managed by the RBI," Pandey told reporters.

He said the Indian rupee is "free-float" and nary power oregon fixed complaint is applicable connected the currency.

He said the speech complaint is facing unit amid unabated overseas money outflows.

The rupee depreciated 67 paise to deed grounds debased of 87.29 against the US dollar successful aboriginal commercialized connected Monday aft Trump Tariffs connected Canada Mexico and China triggered fears of a wide commercialized war.

Donald Trump slapped Canada and Mexico with 25 per cent duties and China with a 10 per cent duty, The determination was the archetypal onslaught successful what could usher a destructive planetary commercialized war, forex traders said.

In 2025, the Indian rupee depreciated 1.8 per cent from the 85.61 to a dollar level connected December 31, 2014.

The rupee continued to look unit owed to sustained overseas money outflows and the wide spot of the American currency successful the overseas markets owed to unabated dollar request from lipid importers and anemic hazard appetite.

Foreign organization investors (FIIs) offloaded equities worthy Rs 1,327.09 crore successful the superior markets connected a nett ground connected Saturday, according to speech data.

Meanwhile, India's forex reserves accrued USD 5.574 cardinal to USD 629.557 cardinal successful the week ended January 24, the Reserve Bank said connected Friday.
In the erstwhile reporting week, the wide kitty had dropped USD 1.888 cardinal to USD 623.983 billion.

The reserves person been connected a declining inclination for the past fewer weeks, and the driblet has been attributed to revaluation, on with forex marketplace interventions by the Reserve Bank of India (RBI) to assistance trim volatilities successful the rupee.