The Central Bank takes Steps to Stem the Undue Depreciation of the Rupee

The Central Bank takes Steps to Stem the Undue Depreciation of the Rupee

The Central Bank is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable. Accordingly, among other measures, the Central Bank will take appropriate action aggressively hereafter to contain this volatility in the domestic foreign exchange market.

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