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Why RBI interfering in controlling rise of it's own currency Rs.

Prakash Popat (3134 Points)

18 October 2007

Can any one Highlights Why RBI interventing and preventing rise of it's own currency RS.?

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2 Replies

Prakash Popat (3134 Points)
Replied 18 October 2007

Nobody would liketo praise their own spouse!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

praveen (employee) (173 Points)
Replied 20 October 2007

IF THE RBI IS NOT INTERFERE IN THIS MARKET EXPORTERS WILL RUN AWAY TEXTILE, SOFT WARE ,LEATHER BUSINESS WILL BE AFFECTED AS THE CONVERSION BENEFIT FOR EXPORTERS WILL BE LOOSEN. WITH THE INCREASE IN INPUT COSTS THEY ARE NOT TAKING AT LEAST COST .COMPETITION TITH CHINA IS GTHE ANOTHER FACTOR