Rupee will remain range bound: Mayaram

Tags: Mayaram, Rupee, News
India has no target for the rupee's exchange rate and the currency will remain rangebound, the economic affairs secretary said, despite recent global market volatility.

The rupee fell on Thursday, tracking weakness in emerging markets after the Federal Reserve further pruned its monetary stimulus.

"We are vigilant...we believe that we are capable of withstanding (the impact of the Fed tapering)," Arvind Mayaram said.

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