| Date: |
23-08-2013 |
| Subject: |
Forex reserves adequate to manage current situation, says Subbarao |
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New Delhi: The Reserve Bank of India’s (RBIS) forex reserves are adequate to manage the current situation, said RBI governor D. Subbarao, adding that the measures taken to address the rupee’s fall will remain as long as the currency is volatile.
The Indian rupee fell to a record low of 65.56 per dollar earlier on Thursday and settled at 64.55/56.
India’s foreign exchange reserves were up at $278.602 billion as of 9 August, compared with $277.17 billion a week earlier.
Source : livemint.com
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