RBI to continue steps to curb FX volatility: Subbarao

Last Updated: Thu, Aug 22, 2013 12:48 hrs
Reserve Bank of India (RBI) Governor Duvvuri Subbarao attends the monetary policy review meeting in Mumbai

The Reserve Bank of India will continue to take measures to curb volatility in the exchange rate, Governor Duvvuri Subbarao told reporters on Thursday, on the same day when the rupee fell to a record low of 65.56 per dollar.

The RBI does not target a specific level of the rupee, said the RBI governor, adding the current economic situation requires structural measures.

The rupee closed at 64.55/56 per dollar on Thursday.

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