Use forex reserves to check slide, says Rangarajan

.......Dr Rangajaran, without committing himself to any comfort level for the rupee, said it was for the Reserve Bank of India to say what the main reasons were for the sharp fall. “If the assessment is that the rupee's depreciation is being caused by temporary fluctuations of capital flows, reserves must be used to see that impact is not felt on the rupee,” he said..........

Read.............