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RUPEE AT CLOSE - Rupee Ends At 66.92/$ Vs 67.01/$ On Friday SIEMENS - Bags Order Worth Rs 287 Cr Form Nagpur Metro Rail Corporation

How Effective Have RBI’s Measures Been?

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Sanjay Mathur, Head – Economics Research, APAC Ex-Japan, RBS, states that the strategy implement by the RBI is right. He believes that by tightening liquidity and liberalizing EBC’s, the balance of demand and supply of foreign exchange can be achieved. “Rupee should be the top priority and must take precedence over growth and other objectives,” he points out, adding that the government and the central bank should go all out to stabilize the rupee.