RBI to rollback steps after stabilisation of forex market – Daily News & Analysis
Economic Times |
RBI to rollback steps after stabilisation of forex market
Daily News & Analysis In order to contain Current Account Deficit (CAD) and arrest value of declining rupee, the RBI last month had raised the cost of borrowing for banks and reduced availability of funds to curb speculation in the forex market. RBI did not roll back these … Rupee leads Asia forex falls before US jobs data RBI reportedly sold dollars after rupee hit 61.17 |
