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Basu for curbing forex market speculation

Read more on:    RBI | Kaushik Basu | volatility in rupee
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Concerned over the , Chief Economic Advisor on Thursday made a case for Reserve Bank of India () curbing speculative activity in the foreign exchange market. He said the RBI intervenes in the forex market whenever there is sudden fluctuations in the rupee. "Some are natural processes. But there are also speculative moves that players make on this and those have to be watched very very carefully by the RBI," Basu said.

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18% VGS 2011 projects dropped: Govt

The Gujarat government on Wednesday said that over 18 per cent of the projects, for which memorandums of understanding (MoUs) were signed during the ...

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