RBI has been intervening in the FX market and bought over 30 billion dollars in the past four months. Had this been not done, $ would have fallen to the level of 61 Rupees per dollar. Whom RBI is protecting ?
Re: Intervention
by chanakya maurya on Aug 22, 2017 11:46 PM
A sizeable turmoil in any direction is considered a destabilizing factor and the central bank ensures that the situation remains fairly steady for a smooth operational environment.
