Exchange rate policy consistent; not targeting specific rupee level: RBI Guv Sanjay Malhotra

RBI Governor Sanjay Malhotra stated that the central bank's exchange rate policy aims to ensure orderliness and stability, without targeting specific rupee levels. Amid the rupee falling to a record low of 87.59 against the dollar, he emphasized the rupee's value is market-driven. India's forex reserves currently provide an import cover of over 10 months.