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.