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Business & Finance

Forex rate volatility part of game: Central Bank

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indian-bankMUMBAI: Volatility in the exchange rate is part of the game, deputy governor of the Indian central bank Subir Gokarn told CNBC TV-18 on Friday, after the rupee fell to its lowest in more than 28 months.

If the central bank intervenes, it would only be to smoothen volatility, he said.

Copyright Reuters, 2011

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