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.