India: RBI Governor sees “no fundamental reason” for rupee volatility

Reserve Bank of India (RBI) Governor Raghuram Rajan issued an unscheduled press release on 13 November in order to clarify the Bank’s position and strategy concerning recent developments in the value of the Indian rupee (INR). The statement was released the day after the rupee hit a two-month low of 63.72 INR per USD. The currency has experienced strong volatility in recent months following the historic low of 68.88 INR per USD recorded on 28 August.

Read more about Indian Exchange Rate.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s