The rupee has suffered its sharpest fall on Friday after it touched a 28-month low. It now costs 49.56 to buy a dollar. Reacting on the rupee's move, the RBI deputy governor Subir Gokarn said that the bank will intervene in the forex market but only to smoothen volatility.
Pradeep Khanna, managing director and head of FX Trading, HSBC India, in an interview to CNBC-TV18, gives his view on how the rupee is going to perform going forward as far as the central bankDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
