The Reserve Bank of India has said that despite the fall against the US dollar, the Indian currency has been holding up well relative to other currencies. RBI governor Shaktikanta Das has said that the central bank will continue to engage with foreign exchange market to ensure that the rupee finds its level. The Indian currency has hit a record low of 80 to the dollar and Opposition parties have been targeting the government claiming the decline in rupee value shows the poor state of the Indian economy. The government, however, says that the US dollar has risen against most other currencies in the world and the fall of the rupee is nothing to be worried about.
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