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RBI is more hands-off now, says IMF official
Financial Express Kolkata
|October 25, 2025
THE RESERVE BANK of India (RBI) is taking a more hands-off approach to exchange rate under its new chief and should continue with it, Thomas Helbling, deputy director, Asia Pacific department at IMF said.
“We have indeed seen more two-way flexibility in the exchange rate” since Sanjay Malhotra became the RBI governor, Helbling said at a press conference in Hong Kong on Friday, in response to a Bloomberg query.
“We have also seen less intervention.”
The Indian rupee is down about 2.5% this year and ranks among the worst performers in Asia. The fall has largely helped correct its overvaluation against trading partners.
This story is from the October 25, 2025 edition of Financial Express Kolkata.
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