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Reserve Bank of India Governor Sanjay Malhotra stated that the RBI does not target a specific level for the Indian Rupee, with its depreciation driven by market demand, particularly influenced by recent trade expectations and tariffs. He reiterated the RBI's cautious stance on cryptocurrencies due to inherent risks, while emphasizing the push for a central bank-backed digital rupee (CBDC). Malhotra also expressed confidence that Indian banks will soon rank among the global top 100 due to India's economic growth.