Comments
Prime Minister’s Economic Advisory Council Chairman, C. Rangarajan, on Saturday, said that the exchange rate would continue to remain around the current levels.
The rupee has been trading around the 55 levels against the US dollar. The Indian currency had slipped to a two-month low of 55.52 against the dollar on Friday.
“The Reserve Bank of India has mentioned that one of its objectives is to reduce the volatility in exchange rate so that they do intervene. But on a day-to-day basis, it becomes difficult. I expect exchange rate to remain around these levels moving forward,” Rangarajan said here today at an interactive session organised by the MCC Chamber of Commerce and Industry.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.