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RBI will not allow 'jerky movements' of Indian rupee: Deputy Guv Patra

''We will stand for its stability, and we're doing it on an ongoing basis even as I speak. We are there in the market," Patra added. ....

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RBI will not allow 'jerky movements' of Rupee: Deputy Governor Patra

Addressing an interactive session on Geo-Political Spillovers and Indian Economy , he attributed the lesser depreciation of Rupee to high foreign exchange reserves of around USD 600 billion. ....

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Not targeting any level, but RBI will not allow 'jerky movements' of Rupee: Dy Guv Patra

The rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 (provisional) against the US dollar. At the interbank foreign exchange market, the local currency opened at 78.20 and finally settled at its all-time low of 78.33, down 1 paisa from its previous close. ....

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