MUMBAI (Reuters) - India will do everything to minimise volatility in the foreign exchange market, said the Reserve Bank of India Deputy Governor K.C. Chakrabarty.
Chakrabarty was speaking on the sidelines of a banking event.
The rupee touched the key psychological level of 57 to the dollar in early trade on Thursday, approaching a record low hit nearly a year earlier as fears of an end to the U.S. Federal Reserve's monetary stimulus sent the dollar higher and hit local shares.
(Reporting by Shamik Paul; Editing by Anand Basu)
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