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May 16, 2012, 11.42 AM IST

RBI says will take all steps to curb rupee volatility

RBI-RUPEE:RBI says will take all steps to curb rupee volatility

Source: Reuters
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POKHARA, Nepal (Reuters) - The Reserve Bank of India is closely watching the rupee and will take all steps to curb the volatility, H.R. Khan, a deputy governor, said on Wednesday.


The RBI has been selling dollars in the domestic foreign exchange market to prevent the rupee from falling to its record low of 54.30 to a dollar.


(Reporting by Arup Roychoudhury)


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