RBI Governor Sanjay Malhotra emphasized that the central bank does not aim for a specific rupee exchange rate during remarks at the IMF-World Bank event. He noted that while the rupee has been under pressure from trade policies and global volatility, interventions are intended to stabilize rather than pin levels. The statement seeks to counter perceptions that the RBI is actively managing the currency band. Analysts view this as a reaffirmation of market-based forex policy even as interventions persist.