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Former RBI Chief Rajan Says India Should Not Deplete Reserves to Defend Rupee

Former Reserve Bank of India chief Raghuram Rajan said India should not deplete its reserves to defend the rupee.

SquawkNews Desk 1 updates Updated Oct 27, 2026, 07:38 AM UTC

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07:38:53 AM UTC
SquawkNews
By Divya ChowdhuryIndia should not "fixate on a number" for its currency level or run down foreign exchange reserves to defend the rupee, Raghuram Rajan, former Reserve Bank of India governor, said in an interview with Reuters on Tuesday.The rupee has lost about 6% of its value so far in 2026, maki…

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