no 1 rummy app -betway sports legal in india __lovebet.com

no 1 rummy app   >  News trends  >  India highlights

no 1 rummy app

Source: Nanfang Daily Online Edition     time: 2022-06-26 00:52:47

no 1 rummy app indibet withdrawal review ,Not targeting any level, but RBI will not allow 'jerky movements' of Rupee: Dy Guv Patra

  


  

no 1 rummy app

  Not targeting any level, but RBI will not allow 'jerky movements' of Rupee: Dy Guv Patra

RBI deputy governor stressed that Indian currency has
Image Source : PTI

RBI deputy governor stressed that Indian currency has witnessed the least depreciation in recent times.

Highlights

  • Patra was talking on Rupee depreciation at an interactive session
  • The deputy governor looks after the monetary policy department in the RBI
  • Rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 (provisional) against dollar

Reserve Bank Deputy Governor Michael D Patra on Friday said the Central Bank is defending the Rupee against volatility and will not allow "jerky movements", though it is not looking at any particular level for the domestic currency against the US dollar. 

Patra, who looks after the monetary policy department in the RBI, also stressed that the Indian currency has witnessed the least depreciation in recent times. "We don't know where the Rupee will be. Even the US Fed doesn't know where the dollar will be. But be sure of one thing. We will stand for its (Rupee) stability, and we're doing it on an ongoing basis even as I speak.

"We are there in the market. We will not allow disorderly movements in the Rupee. We have no level in our mind, but we will not allow jerky movements. That's for certain...let it be widely known that we are in the market defending the Rupee against volatility," he said.

He was replying to a query on Rupee depreciation at an interactive session on 'Geo-Political Spillovers and Indian Economy' organised by the industry chamber PHDCCI. Patra further said if one looks at the depreciation of Rupee, it is one of the least in the world and that is the power of USD 600 billion dollar forex reserves.

The rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 (provisional) against the US dollar. At the interbank foreign exchange market, the local currency opened at 78.20 and finally settled at its all-time low of 78.33, down 1 paisa from its previous close.

During the day, the local unit witnessed an intra-day high of 78.19 and a low of 78.35 against the American currency. To a question on Rupee-Ruble payment mechanism, Patra said the Reserve Bank will do whatever the government decides. He said the government is seized of the matter.

Related Stories
RBI unveils Payments Vision 2025 with intent to increase e-payments

RBI unveils Payments Vision 2025 with intent to increase e-payments

Mixed reaction to RBI article warning signs of stress due to high debt in several states

Mixed reaction to RBI article warning signs of stress due to high debt in several states

RBI Guv flags continued high inflation as 'a major concern': MPC minutes

RBI Guv flags continued high inflation as 'a major concern': MPC minutes

Monetary policy actions likely to be more moderate than other nations, says RBI Deputy Guv Patra

Monetary policy actions likely to be more moderate than other nations, says RBI Deputy Guv Patra

Patra further said the decline in India’s current account deficit (CAD) to 1.5 per cent of GDP in the fourth quarter, from 2.6 per cent in the third quarter of 2021-22, augurs well for India's external viability.

Also Read: Monetary policy actions likely to be more moderate than other nations, says RBI Deputy Guv Patra

Latest Business News



Relevant reports:fiewin
Relevant reports:serie d lovebet
Relevant reports:online slots deposit by phone bill
Relevant reports:online slots maryland
Relevant reports:live casino nj
Relevant reports:football 0 technique
Relevant reports:How to play online baccarat to win
Relevant reports:texas holdem variations
Relevant reports:rummy a person
Relevant reports:rush run fishing report
Relevant reports:Fastest football score live
Relevant reports:lottery a draw
Relevant reports:v rummy
Relevant reports:online poker kostenlos mit freunden
Relevant reports:lucky days casino free spins
Relevant reports:best of five questions in medicine
Relevant reports:lovebet 0

【font:large in Small
Copyright: South News Networkindia icp ready 05070829 website identification code 4400000131
Sponsor: Nanfang Newser Network co sponsor: Provincial Economic and Information Technology Commission contractor: Nanfang news network
1024 is recommended × Browser with 768 resolution above IE7.0