The formation of PDCs will look at large projects that will be built across two to three countries in Africa. Yaduvendra Mathur, Chairman and Managing Director, Export Import Bank of India,
Tag: rupee volatility
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Rate hike not a precursor to tight money policy: FM
Reserve Bank of India's measures to ease the rupee volatility should not be seen as tightening of policy rates, Union Finance Minister P Chidambaram has said. He was addressing a conclave of venture capitalists in Delhi on July 16. RBIÂ’s measures had a positive impact on the rupee on July 14, which ended at Rs 59.31 against the dollar, nearly one per cent higher than MondayÂ’s closing of Rs 59.81.