Managing Foreign Exchange will contain cost: RBI
Wednesday, 27 October 2010, 23:21 IST
By SiliconIndia
By SiliconIndia
Mumbai: In the face of volatile flows, managing the foreign exchange rate contains a cost and in such a situation, the Reserve Bank of India (RBI) feels that the challenge is to minimize that cost.
"At the national level we have to manage the impossible trinity. Managing exchange rate in the face of volatile flows entails a cost no matter what you do. The challenge is really to minimise the cost," said D Subbarao.
"At the national level we have to manage the impossible trinity. Managing exchange rate in the face of volatile flows entails a cost no matter what you do. The challenge is really to minimise the cost," said D Subbarao.
Don't Miss
