.......As per latest data available from RBI, the central bank purchased $820 million in March and $518 million in April when the rupee appreciated by 0.15% and 0.87%, respectively. According to S S Tarapore, former deputy governor of the RBI, the currency is overvalued. “Adjusting for inflation rate differentials, the present nominal dollar-rupee rate should be closer to $1 = `70,” he wrote in a recent column.............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment