CB affirms rupee at 125

31 May 2012 04:40 am Views - 6497

Denying media reports, the Central Bank affirmed that the exchange rate will stabilize below Rs.125 against the US dollar.
 
Reuters, quoting the Central Bank's Research Department head Swarna Gunewardena, said that that the rupee will stabilize around 132 against the US dollar, without the intervention.
 
"We wish to categorically deny this claim, which is completely inaccurate and a misinterpretation of facts by the reporter," the Central bank statement said.