Amid worries over rupee's weakening, RBI Governor Sanjay Malhotra said, "With recent depreciation, it would be reasonable to think rupee isn't overvalued...it's become undervalued, both in nominal [and] REER (real effective exchange rate) terms." "We'll do whatever is required to ensure orderly price discovery in forex market," he said. He clarified that RBI doesn't target any fixed exchange rate.