The finance ministry today said the ability of the Reserve Bank to intervene in the forex market to arrest the fall in rupee is limited, even as the Indian currency declined to a 32-month low of Rs 51.50 per US dollar in the early trade.
“RBI’s ability to intervene in forex market is limited”, Department of Economic Affairs Secretary R Gopalan told reporters here.
From: http://ping.fm/VwTYb
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