RBI Governor Hints At Rolling Back Newly Introduced Control Measures
REGULATORS
After announcing a series of tough measures last month to control the falling Indian rupee, Reserve Bank of India (RBI) governor Dr Bimal Jalan now says that the rupee/dollar exchange rate is "reasonable", despite its being near its lows.
Speaking in Mumbai on December 15, Dr Jalan called the prevailing rupee/dollar exchange rate of 39.55 reasonable "from a purely technical point of view". He also said that the measures previously undertaken to halt the rupee's slide would be rolled back. Those
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