Finance Minister Nirmala Sitharaman on Tuesday said the RBI will continue its efforts to prevent excessive volatility in the rupee, which has depreciated "very significantly" over the past year and a half.
She said the rupee has reached a low against the US dollar mainly due to global uncertainties, even though India's macro-economic fundamentals, including forex reserves, are strong and the regulator RBI is ensuring that the domestic currency stays stable.
