Monday, November 15, 2010

RBI MAY CHECK RUPEE EXCHANGE RATE RISE

Reserve Bank of India ruled out curbs on foreign portfolio investment into the equity market but said
the Central Bank may intervene in the forex market to check rupee appreciation that was hurting
exports. Finance minister Pranab Mukherjee said at the Annual Economic Editors' conference that
he was not thinking of putting any cap on FII (Foreign Institutional Investment) inflows. SEBI has also confirmed of having no plans to curb FII inflow.

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