Rupee breaches the 60 mark against the US dollar: Who said what
Rupee breaches the 60 mark against the US dollar: Who said what
The RBI has enough fire power to deal with rupee volatility and will intervene in the forex market as and when required, Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, to wire agencies
The RBI has enough fire power to deal with rupee volatility and will intervene in the forex market as and when required Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, to wire agencies
P. Chidambaram, Union Finance Minister
We are not insulated from what is happening in the world. My request is, we should not react and panic P. Chidambaram, Union Finance Minister, to wire agencies
Samiran Chakraborty
Quicker policy reforms are needed to substantially ease pressure on the rupee Samiran Chakraborty, Head (India research), Standard Chartered Bank, to wire agencies
Som Mittal
In the shorter term you might say that currency depreciation may be beneficial (to the IT industry) … but the majority of the contracts we take on are on longterm basis for five years Som Mittal, Nasscom President, to wire agencies It is really bizarre for any central bank to openly keep saying that it will not intervene when there is already pressure on the currency to weaken and globally things are so uncertain Rajeev Malik, Economist, CLSA, in Deccan Herald
