# RBI Governor on Rupee Value: No Price Target, Curbing Speculation

> Reserve Bank of India Governor Sanjay Malhotra said the central bank does not target a specific rupee exchange rate, but acts to maintain orderly foreign-exchange markets and curb excessive speculation. The rupee recovered for eight consecutive days after nearing 97 per US dollar, then eased to 94.83; Malhotra cited 7.8% quarterly GDP growth while acknowledging elevated inflation.

- Date: 2026-11-07 · published 2026-11-07T21:10:21.997Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/86530-rbi-governor-on-rupee-value-no-price-target-curbing-speculation
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Currency movements affect the cost of imported feed ingredients and fertilizers in India, with a stronger rupee easing import costs and a weaker one raising them. The article describes recent recovery but gives no new policy target or direct commodity-price signal.

## Read by commodity

- USDINR: neutral

## Sources

- wsiglobalnet.com: https://wsiglobalnet.com/article/rbi-governor-on-rupee-value-no-price-target-curbing-speculation-ndtv-world-summit-2026

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.