NEWS & ADVICE : SAVINGS ACCOUNTS
Raghuram Rajan renews the Indian rupee
By Vaibhav Aggarwal
Oct 16, 2013
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Raghuram Rajan, the Governor of the Reserve Bank of India has turned the Indian currency from a pariah to the desired currency of the world following a month only in office as he makes the efforts stronger to put down price rises and entice capital. The sponsors who put up their dollars for sale to purchase Indian rupees gained 10% from the time Rajan assumed the charge as Governor on 4th September, the majority amongst 44 currencies followed by Bloomberg and a turnaround from a loss of 2.8% during the 3rd quarter.

Choices betting on a one-month implied instability prove investors turning out to be more positive in the rupee than for any coinage in the BRIC or Asian countries.


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