Reserve Bank of India Governor Sanjay Malhotra clarifies that the central bank does not target specific price levels for the rupee, prioritizing market stability.

RBI Governor Sanjay Malhotra emphasizes the critical need for price stability, comparing high inflation to an indirect tax that impacts every citizen.

Indian benchmark indices experienced sharp volatility on Friday, reversing early gains as the Sensex dropped over 600 points from its morning high amid broader macro pressures.