Tuesday, June 4, 2013

RBI not targeting any particular exchange rate: D Subbarao

With rupee hitting 11-month lows against dollar, Reserve Bank Governor D Subbarao on Monday said it is not targeting any particular exchange rate or any band. "We do not target an exchange rate. We do not target an exchange rate band. And I believe that our actions or inactions have been consistent with our policy," he said in an interview in New Delhi........

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