Rajan says rupee gains to 45-50/dlr would hit exports
Reuters | HT Correspondent, Mumbai
Apr 02, 2014 03:25 PM IST
Reserve Bank of India Governor Raghuram Rajan told a TV channel a "substantial" strengthening in the rupee to 45 or 50 per dollar could hit exports, although he added the RBI was fine with "a certain amount of leeway" in the currency.
Reserve Bank of India Governor Raghuram Rajan told a TV channel a "substantial" strengthening in the rupee to 45 or 50 per dollar could hit exports, although he added the RBI was fine with "a certain amount of leeway" in the currency.
Rajan also said during a CNBC-TV 18 interview that the RBI does not want to declare victory on inflation yet, despite keeping interest rates on hold on Tuesday as widely expected.
Hindustan Times - your fastest source for breaking news! Read now.
The RBI would rethink its stance if there is a "substantial" change of inflation, up or down.
Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
Share this article