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. |