Thursday, July 18, 2013

RBI tightening move aimed at quelling Re speculation: Raghuram Rajan

........"I think the Reserve Bank decided to intervene earlier this week, basically to convey to the market a very strong sense that it did not like the undue volatility in the rupee. "They are trying to send a signal... This is a measure intended to quell speculation about what the level of the rupee would be and instead make the rupee more stable,".......

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