Forex reserves rose to $298.6 billion in the week ending March 21
While investor sentiment has improved, strategists do not expect the rupee's strength to continue
Traders expect gains in the rupee to be capped around 59.60 levels
Will hurt exports at that levels, says the RBI governor
Central bank suspected to have been buying dollars in recent sessions to shore up its foreign exchange reserves
The rupee is trading at 59.70/71 versus Friday's close of 59.91/92
The five pillars outlined during the commencement of the governor's tenure have been followed seriously in the policy
RBI's industrial Outlook Survey, after indicating improved confidence for Q4 of 2013-14, signalled moderation for Q1 of 2014-15
RBI has raised issue of enhancing corporate governance norms in PSBS with govt and called for action on priority basis
RBI hints at keeping repo rate steady if inflation eases
The valuation norms will now be on the basis of market prices
Looking ahead, we expect CPI-based inflation to come off to seven per cent levels if the rains are normal
Rajan explained that there is a scope for having people with partial licenses
With Raghuram Rajan taking over as governor of central bank last year, focus of monetary policy shifted more towards CPI inflation
Though RBI has signalled no changes in policy rates, the underlying message of the governor's speech is that of caution