{
  "id": 14169430,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T09:46:11.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/forex/rbi-to-curb-rupee-volatility-amid-external-pressures-says-finance-minister-sitharaman/article71578740.ece"
  },
  "original_language": "en",
  "account": "Finance Minister Nirmala Sitharaman stated on Tuesday that the Indian rupee has experienced a \"significant\" depreciation over the past year and a half, and the Reserve Bank of India (RBI) will persist in its efforts to curb excessive volatility. At the Bloomberg New Economy Forum 2026, Sitharaman emphasized that the RBI is working to maintain stability in the domestic currency rather than attempting to fix its value. The central bank recently implemented several measures, including the establishment of a special window for oil marketing companies to divert dollar demand away from the spot market, tightening rules for forex derivatives trades to limit speculative bets against the rupee, and requiring banks to maintain a 20% reserve for dollar purchases exceeding USD 2 million. Sitharaman acknowledged that the rupee's value surged by one percent on Monday following these measures and further appreciated to Rs 94.96 in early trade on Tuesday. She expressed confidence that the RBI would continue to take additional steps to prevent the rupee from becoming overly volatile. Sitharaman assured that India's fundamentals are robust, with strong foreign exchange reserves, and that most of the rupee's volatility stems from external challenges. The minister affirmed that macroeconomic fundamentals remain sound within the country, and fiscal discipline will not be a concern for investors. However, she acknowledged that managing the rupee's reaction to dollar fluctuations is the primary challenge and emphasized that the RBI will address this issue.",
  "summary": "Recent currency movements have prompted regulatory action, with the government pointing to external pressures while emphasising India’s sound economic fundamentals.",
  "key_points": [
    "Finance Minister Nirmala Sitharaman says RBI will curb rupee volatility amid external pressures.",
    "RBI implemented special window for oil marketing companies and tightened forex derivatives rules.",
    "Rupee appreciated to Rs 94.96 in early trade after RBI measures."
  ],
  "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": "Business Standard IN",
        "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",
        "published": "2026-10-13T09:20:41.000Z"
      },
      {
        "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."
}