Uday Kotak Urges Market-Driven Strategy for Indian Rupee

Indian banker Uday Kotak stated on October 13, 2026, that the most effective strategy for managing volatility in the Indian rupee is to allow the currency to find its own market level.

Kotak argued that this market-driven approach should be paired with continuous investments in research and innovation. He suggested these combined efforts would help stabilize the broader economic environment in India.