India’s central bank governor to continue rupee intervention

Y Venugopal Reddy, who became governor on September 6, is likely to continue using outgoing governor Bimal Jalan’s approach, where intervention was used simply to smooth volatility in the rupee, said MR Madhavan, senior strategist at Bank of America in Mumbai.

Jalan used his final speech as governor in Mumbai last month to address the debate surrounding the bank’s exchange rate policy. He said suggestions by the International Monetary Fund that the bank should be intervening less and allowing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: