MUMBAI (Reuters) - The Reserve Bank of India (RBI) will prevent extreme volatility in the rupee, its chief Raghuram Rajan told Bloomberg TV on Thursday.
"What I am intent on is to prevent extreme volatility of the rupee, though I am not averse to adjustments," Rajan said in an interview to Bloomberg TV.
The rupee weakened on Thursday amid a global rout after the U.S. Federal Reserve decided to further prune its asset purchase programme.
He also added that the Reserve Bank of India needs to be prepared for any volatility in financial markets arising out of a possible fractured mandate in the general elections due by May.
(Reporting by Subhadip Sircar and Neha Dasgupta; Editing by Anand Basu)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app