India’s RBI Governor Signals He’s Open to More Flexible Rupee
- Malhotra didn’t express objections to rupee slump in meetings
- RBI will continue to intervene to curb excessive moves
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India’s new central bank governor has shown a willingness to allow the rupee to move more freely in tandem with peers in the region while still intervening in the foreign-exchange market to curb excessive moves, according to people familiar with the regulator’s thinking.