NEW DELHI: On falling rupee, Union minister Piyush Goyal on Friday said that knee-jerk reactions aren't known as for, information agency PTI reported. The rupee this morning recovered from the all-time low ranges it had plunged to on Thursday, but continued to business vulnerable.
The Indian foreign money had the day before today breached the 69-mark but lined misplaced floor to in any case shut at an rock bottom of 68.79 with a fall of 18 paise towards the US greenback because of multiple headwinds like vulnerable global cues and issues associated with inflation and monetary slippage.
Selling of greenbacks by means of banks and exporters these days made the greenback vulnerable towards some currencies out of the country, which supported the rupee, forex dealers said.
Goyal is in-charge of the finance ministry following the scientific remedy of Arun Jaitley. Jaitley underwent a successful kidney transplant on the All India Institute of Medical Sciences (AIIMS).
The Indian foreign money had the day before today breached the 69-mark but lined misplaced floor to in any case shut at an rock bottom of 68.79 with a fall of 18 paise towards the US greenback because of multiple headwinds like vulnerable global cues and issues associated with inflation and monetary slippage.
Selling of greenbacks by means of banks and exporters these days made the greenback vulnerable towards some currencies out of the country, which supported the rupee, forex dealers said.
Goyal is in-charge of the finance ministry following the scientific remedy of Arun Jaitley. Jaitley underwent a successful kidney transplant on the All India Institute of Medical Sciences (AIIMS).
Knee-jerk reactions are not called for: Piyush Goyal on weak rupee
![Knee-jerk reactions are not called for: Piyush Goyal on weak rupee]()
Reviewed by Kailash
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June 29, 2018
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