Centre, RBI to Ensure Rupee Holds Steady

The Rupee The Dollar And Election Results www.ambitionias.com
  • RBI, Finance Ministry initiate steps to prevent any major fluctuations in rupee value against dollar after Lok Sabha polls results are out on May 16
  • Any major increase in rupee value may have a bad impact on balance sheet of corporate, RBI has worked on 5 options to keep the rupee stable
  • Rupee value went up on May 14 by 37 paise after exit polls predicted victory for NDA in Lok Sabha polls to form govt at the Centre
  • RBI to ensure rupee stability at the time of elections results to come to terms with any problems with regard to settlement matters and payment issues
  • Read at:  http://www.thehindu.com/todays-paper/tp-national/centre-rbi-to-ensure-rupee-holds-steady/article6010385.ece

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