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Category Archives: 29th Aug 1997

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RBI will not allow rupee volatility – Chidambaram

29th Aug 1997, Reportage, ReutersBy Chaitanya KalbagAugust 6, 2024Leave a comment

29 August 1997 Reuters News English (c) 1997 Reuters Limited  NEW DELHI, Aug 29 (Reuters) – Indian Finance Minister P. Chidambaram said the rupee’s volatility had subsided and the policy of the Reserve Bank of India (RBI) was to intervene to prevent volatility and speculative activity in the market.  “The value of the rupee will be…

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