....."I don't think you can directly correlate the rupee movement with the OMOs," Gokarn on sidelines of an industry event in the southern city of Chennai, where the RBI's two-day board meeting began on Wednesday. "OMOs are being driven by judgements about liquidity conditions and they will continue to be driven by judgements about liquidity conditions, whatever is causing liquidity stress, whether it is foreign exchange market or something else.".......
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