India RBI chief says markets can be irrational, rupee undervalued
India's central bank governor Sanjay Malhotra stated that financial markets can be irrational in the short term, and that several measures suggest the rupee is undervalued. He made these remarks during a post-policy press conference.
India’s central bank governor Sanjay Malhotra said on Wednesday that financial markets can be irrational in the short term and that several measures suggest the rupee is undervalued. Speaking at a post-policy press conference, Malhotra made the remarks in response to a question on why currency forecasts and hedging are…