India will do everything to minimise volatility in the foreign exchange market, said the Reserve Bank of India Deputy Governor KC Chakrabarty.
Dr Chakrabarty was speaking on the sidelines of a banking event.
The rupee touched the key psychological level of 57 to the dollar in early trade on Thursday, approaching a record low hit from nearly a year earlier as fears of an end to the US Federal Reserve's monetary stimulus sent the dollar higher and hit local shares.
Copyright: Thomson Reuters 2013
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