India RBI Chief: Markets Irrational Short-Term, Rupee May Be Undervalued
India's central bank governor stated that financial markets can exhibit irrational behavior in the short term and that various indicators suggest the rupee may be undervalued over the long run.
India's central bank head said on Wednesday that financial markets can be irrational in the short run, and that several measures of currency value suggest the rupee may be undervalued. RBI chief Sanjay Malhotra said in his post po… that only in the long run are markets able to find the right value.