Business Standard

Undue volatility in the rupee not desirable: Rajan

Image

Reuters NEW DELHI

NEW DELHI (Reuters) - "Undue volatility" in the rupee is not desirable, chief economic adviser Raghuram Rajan said on Wednesday.

The rupee, the worst performing emerging Asian currency this year, hit a lifetime low of 61.21 to the dollar last week, but recovered some of the losses to trade stronger at 59.36/37 earlier on Wednesday.

(Reporting by Rajesh Kumar Singh, editing by Ross Colvin)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 17 2013 | 4:00 PM IST

Explore News