Reserve Bank Governor Sanjay Malhotra
RBI: Reserve Bank of India Governor Sanjay Malhotra said on Saturday that the market forces (demand and supply) fix the value of the rupee in relation to the US dollar and the central bank is not worried about day-to-day fluctuations in the currency price. . Malhotra told reporters after the meeting of Finance Minister Nirmala Sitharaman with the board of directors of the Reserve Bank that the central bank focuses on the value of rupee in the medium to long periods. The RBI Governor said on the impact of depreciation of the rupee against the US dollar on the price hike, that five percent of the depreciation affects domestic inflation from 0.30 to 0.35 percent.
Economic growth and inflation in meditation
He said that the RBI has taken into account the current rupee-dollar rate while working on economic growth and inflation estimates for the next financial year. Sitharaman, while answering a question, said that the Union Cabinet has approved the new income tax proposal and he hopes that it will be introduced in the Lok Sabha in the coming week. After this it will be sent to the Standing Committee of Parliament. He also said that the RBI and the government will work in a coordinated manner on all fronts including inflation and economic growth.
Government should be made to meet public interests
Finance Minister Nirmala Sitharaman said on Saturday that Delhi should get a government who should serve its people and fulfill their aspirations. He said that this is the demand of the hour. The trends of counting of votes for the Delhi Assembly elections are now almost clear that the Bharatiya Janata Party (BJP) is going to return to Delhi after 27 years. The counting of votes is still going on. After addressing the 613rd meeting of the Central Board of Directors of the Reserve Bank of India, Sitharaman told reporters that the time to achieve the goal of India developed by 2047 is the demand that there should be such a government in the National Capital Region of India. Who works for the interests of his people and fulfills their aspirations.
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