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Rupee breaches the 60 mark against the US dollar: Who said what

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Rupee breaches the 60 mark against the US dollar: Who said what

The RBI has enough fire power to deal with rupee volatility and will intervene in the forex market as and when required, Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, to wire agencies
Print Edition: Jul 21, 2013
Montek Singh Ahluwalia, Deputy Chairman, Planning Commission
Montek Singh Ahluwalia, Deputy Chairman, Planning Commission
The RBI has enough fire power to deal with rupee volatility and will intervene in the forex market as and when required
Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, to wire agencies

P. Chidambaram, Union Finance Minister
P. Chidambaram, Union Finance Minister
We are not insulated from what is happening in the world. My request is, we should not react and panic
P. Chidambaram, Union Finance Minister, to wire agencies

Samiran Chakraborty
Samiran Chakraborty
Quicker policy reforms are needed to substantially ease pressure on the rupee
Samiran Chakraborty, Head (India research), Standard Chartered Bank, to wire agencies

Som Mittal
Som Mittal
In the shorter term you might say that currency depreciation may be beneficial (to the IT industry) … but the majority of the contracts we take on are on longterm basis for five years
Som Mittal, Nasscom President, to wire agencies

It is really bizarre for any central bank to openly keep saying that it will not intervene when there is already pressure on the currency to weaken and globally things are so uncertain
Rajeev Malik, Economist, CLSA, in Deccan Herald

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