Ukraine crisis not a worry, rupee to be range bound: Mayaram

The ongoing political crisis in Ukraine will not affect the Indian currency, which will continue to remain range bound, said Economic Affairs Secretary Arvind Mayaram.

"I don't think we should worry about such things (geopolitical tension in Ukraine). The Indian economy is very stable...The rupee will remain range bound," he said on the sidelines of a conference.

The rupee lost 11 paise to 62.15 against the dollar in early trade today as the US currency appreciated against the euro and other currencies overseas.

The rupee had tumbled 29 paise, its biggest loss in two weeks, to close at 62.04 against the dollar yesterday, hit by global risk aversion as the Russia-Ukraine conflict threatened to snowball into a full-fledged war.

Safe-haven driven fresh dollar demand from importers amid escalating tension between Russia and Ukraine weighed on emerging market currencies, including India's rupee.

The dollar index was up 0.10 per cent against a basket of six major global rivals. Russia's rouble was down 9 per cent.

The rupee touched a historic low of 68.85 against the dollar in August last year.


  • All the debates are glossing over the key question if children are eating healthy food

    For some time now, we have been strapped in noodle debates. First Maggie noodles and now our own swadeshi noodles that Baba Ramdev is making.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

Baby and you

Every person who’s had a chance to be a parent ...

Bubbles Sabharwal

Women of the world, unite for a change

Last week I attended the Women in the World forum ...


William D. Green

Chairman & CEO, Accenture