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RBI Policy

15 Jul 2013

RBI Actions to Curb INR Volatility will take Ten Year to 8 percent

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The Finance Minister, Prime Minister and the RBI Governor have collectively decided to take government bond yields higher in order to curb the volatility in the Indian Rupee (INR). RBI has announced measures to stem INR fall that had fallen to record lows of Rs 61.21 in intraday trading last week.

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Arjun Parthasarathy
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