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BIZ-PATRA-RUPEE - RBI will not allow 'jerky movements' of Rupee: Deputy Governor Patra

Contributed by NAMPA / PTI.

New Delhi, Jun 24 (PTI) Reserve Bank Deputy Governor Michael D Patra on Friday said the Central Bank will not allow "jerky movements" of Rupee and stressed that the Indian currency has witnessed least depreciation in recent times.
Addressing an interactive session on 'Geo-Political Spillovers and Indian Economy', he attributed the lesser depreciation of Rupee to high foreign exchange reserves of around USD 600 billion.
"We will stand for its stability, and we're doing it on an ongoing basis even ...