{
  "id": 14164105,
  "title": "RBI to continue efforts to prevent excessive rupee volatility: Sitharaman",
  "url": "https://urgent.news/2026/10/13/rbi-to-continue-efforts-to-prevent-excessive-rupee-volatility",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T09:20:41.000Z",
  "source": {
    "name": "Business Standard IN",
    "slug": "business-standard-in",
    "url": "https://www.business-standard.com/finance/news/nirmala-sitharaman-rbi-rupee-volatility-global-challenges-india-investments-126101300651_1.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "Union Finance Minister Nirmala Sitharaman stated at the Bloomberg New Economy Forum in New Delhi that the Reserve Bank of India may implement additional measures to prevent excessive rupee volatility. While noting the currency has hit a low, she clarified that the central bank is not attempting to fix the rupee but is instead using regulatory measures to maintain stability. The Economic Times - Economy reports that the rupee's depreciation over the last year has been largely driven by global challenges.\n\nSitharaman assured investors that India maintains strong macroeconomic fundamentals and that they need not worry about the country's fiscal discipline. According to The Economic Times - Economy, the rupee saw its largest single-day advance in six months on Monday following RBI measures to curb dollar demand, which included direct market intervention through the sale of dollars.\n\nThe Finance Minister also noted that discussions are ongoing regarding securities transaction tax and LTCG tax. These discussions include investor debates over whether different asset classes should receive similar treatment.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Economy",
        "title": "RBI may take further measures to curb rupee volatility: FM Sitharaman",
        "url": "https://urgent.news/2026/10/13/rbi-may-take-further-measures-to-curb-rupee-volatility-fm-sitharaman",
        "published": "2026-10-13T08:52:31.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "RBI to curb rupee volatility amid external pressures, says Finance Minister Sitharaman",
        "url": "https://urgent.news/2026/10/13/rbi-to-curb-rupee-volatility-amid-external-pressures-says-finance",
        "published": "2026-10-13T09:46:11.000Z"
      },
      {
        "outlet": "The Hindu",
        "title": "RBI to continue efforts to curb rupee volatility; external factors driving currency fall: Nirmala Sitharaman",
        "url": "https://urgent.news/2026/10/13/rbi-to-continue-efforts-to-curb-rupee-volatility-external-factors",
        "published": "2026-10-13T11:28:58.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}