# Goyal Says Government Does Not Interfere in Exchange Rates 2026-08-12T21:56:23+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets Commerce and Industry Minister Piyush Goyal said exchange rates are determined by market forces and global factors, not government intervention. He said the government would focus on promoting exports, reducing import dependence and attracting investment. Goyal also cited free trade agreements, import substitution and easier business rules as support for industrialisation. The Hindu BusinessLine, citing three traders, reported that the Reserve Bank of India likely intervened in the foreign exchange market to support the rupee. The currency traded near Rs 95.40 per dollar and stayed within a narrow Rs 95.17 to Rs 95.4450 range during the week. The reports present different views on the role of official intervention. ## Coverage - millenniumpost.in - thehindubusinessline.com Tags: currency, exchange rate, exports, Piyush Goyal, RBI, rupee Canonical: https://indianopinion.org/government-does-not-interfere-in-exchange-rates-says-piyush-goyal/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/government-does-not-interfere-in-exchange-rates-says-piyush-goyal/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.