Motilal Oswal
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Motilal Oswal
Currency

Rupee fall: There is no real reason for panic just yet

Updated : September 07, 2018 06:32 AM IST

The current situation is closer to 2011-2012 when RBI’s currency reserves were still enough to buy us time.
Between April and June 2018, RBI sold $25 billion and held the line for USD/INR at 69.00.
Delhi and Mumbai should coordinate on any market related communication.
Rupee fall: There is no real reason for panic just yet
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