EconomySunday, 14 June 2026·The Hindu - National
Rupee volatility: RBI intervenes only to curb excessive swings, says Finance Minister
On June 14, 2026, Finance Minister Nirmala Sitharaman said rupee fluctuations reflect global and domestic factors, and RBI intervenes only to curb excessive volatility.
Key highlights
Direct fact
On June 14, 2026, Union Finance Minister Nirmala Sitharaman said at Devanahalli near Bengaluru that rupee movements against the U.S. dollar are driven by global and domestic factors, while the Reserve Bank of India (RBI) intervenes only to curb excessive volatility.
Key specifics
- The statement was made on June 14, 2026, near Bengaluru at Devanahalli.
- Nirmala Sitharaman identified geopolitical uncertainties and foreign capital movements as key factors.
- India’s dependence on imports such as crude oil, fertilizer and gold was cited.
- The RBI was described as intervening in the foreign exchange market only to curb excessive volatility.
- U.S. Federal Reserve policy decisions and major global currency movements were also mentioned.
Exam lens
TNPSC Economy question, rupee exchange rate, RBI foreign exchange intervention, June 14 2026, Devanahalli, U.S. dollar, crude oil imports. One-liner: What did the Finance Minister say about RBI’s role in rupee volatility?