RBI Soaking Foreign Inflows To Curb Impact On Rupee: Raghuram Rajan

Mumbai: India's central bank is trying to prevent the rupee from becoming too volatile by regularly buying dollars when there are inflows from foreign investors, Reserve Bank of India Governor Raghuram Rajan said on Wednesday. Dr Rajan, in a television interview, also said the central bank would likely pay a record-high dividend to the government, which would be one-sixth higher than the Rs 69,900 crore ($10.48 billion) pencilled in...