Exchange rate to stabilize below Rs 125

The Central Bank's attention is drawn to a misleading news report, which claims that the Rupee/US dollar exchange rate will stabilise at Rs. 132 per US dollar.

We wish to categorically deny this claim, which is completely inaccurate and a misinterpretation of facts by the reporter.

As the Central Bank has repeatedly stated, the exchange rate is expected to stabilise below Rs. 125 per US dollar.