For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    RBI sells dollars to calm nerves: Dealers

    |
     RBI sells dollars to calm nerves: Dealers
    Forex dealers believe that the RBI sold dollars to calm volatility across the markets, even as the Rupee fell more then 1 per cent in trade today.
     

    The rupee today hit a new historic low of 61.21 against the dollar. Dealers said that the RBI sold some dollars which helped the rupee to regain a level of 61.06 after the steep fall.

    The RBI Governor has said that the central bank has not targeted any level for the rupee and in the past he has made it clear that the RBI's intention was to prevent volatility more then anything else.

    GoodReturns.in

    Read more about: rbi dollar
    Story first published: Monday, July 8, 2013, 10:20 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more