Amid a significant depreciation of the Indian rupee, which has fallen 5% in a year, questions have arisen about its potential influence on the Reserve Bank of India (RBI) monetary policy meeting on December 5.

Ashima Goyal, a former member of the Monetary Policy Committee (MPC) and a noted economist, has asserted that the committee's focus will remain firmly on domestic inflation and growth, not the currency's movements.

The rupee fell to a new record low on Wednesday, December 3, crossing the mark of 90 against the US Dollar .

Goyal explained that while the current regime allows the currency to float with market movements, the RBI's long-standing policy is to intervene to prevent "excess volatility and persistent real misalignments."

According to her, the central bank continues to

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