Need to be unpredictable about FX intervention: RBI

Explore Business Standard

Intervention in the foreign exchange market needs to be a bit unpredictable, the Reserve Bank of India's Governor Duvvuri Subbarao said on Thursday.
"On tactical policy, it pays to be a bit unpredictable on how you intervene in forex market," Subbarao said, while speaking at the second international research conference organised by the RBI.
First Published: Feb 02 2012 | 12:00 AM IST