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EEFC order raises risk of additional volatility: Bajaj Auto

After the RBI issued a directive stating that exporters will be required to convert 50% of their foreign exchange holdings into rupees, the Indian currency has reacted. Exchange Earners' Foreign Currency (EEFC) account holders have also been asked to buy forex only after the existing balance has been used.

first published: May 10, 2012 12:43 pm

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