‘RBI won’t tolerate rupee weakness beyond 54.30′

.....The only supply of dollars came in from RBI, which was a little sporadic and the Reserve Bank did not want to spend too much fire power because it reckoned it as fighting a global trend. “If we see more softening in core prices, the headroom for the RBI to support growth more is likely to expand, especially after the recent weak production numbers,” .........

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