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RBI doesn't target any range on rupee: Deputy Governor Mundra

RBI doesn't target any range on rupee: Deputy Governor Mundra

Monday, March 27, 2017, 10:24 PM

As the rupee touched a 17-month high against the US dollar, Deputy Governor S S Mundra today said the Reserve Bank does not target any range for the domestic currency and intervenes only to curb volatility. We don't target a particular range for the rupee. What we always do is to curb the undue volatility in the (forex) market, Mundra said.
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