Rupee is still better than its emerging market peers: Urjit Patel
MUMBAI, OCTOBER 5
“Value of rupee is determined by the market forces”
On a day the rupee breached the 74-mark against the US dollar for the first time, RBI Governor Urjit Patel said Friday that the domestic currency is still better than its emerging market peers. He maintained that the value of rupee is determined by the market forces and the RBI does not have any “target or band” around any particular level of the exchange rate.
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