TRIVANDRUM: Reserve Bank of India (RBI) Governor Raghuram Rajan said on Monday he was not in favour of devaluing exchange rates to boost economic growth, signalling India will not join other countries such as China or Japan in pushing down their currencies.

“I personally feel sustained devaluation is neither feasible nor a good strategy,” Rajan said in a speech at a conference on medium scale enterprises in Thiruvananthapuram. “This (devaluation) is not the intent of RBI.” But Rajan reiterated the central bank would strive to curb excessive volatility. Indian rupee has been one of the worst performers in Asia this year, falling by nearly three per cent after strong foreign investment outflows from equity markets.

Source: THT

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Symbol % Change Last Price Turnover
UFL 6.0000 265.0 173,220.0
NBF1 5.2632 20.0 31,177.0
EBL 4.7041 1,380.0 41,502,313.0
GFCL 4.5455 207.0 494,280.0
CLBSL 3.9936 1,302.0 195,700.0
Symbol % Change Last Price Turnover
SKDBL -6.4935 360.0 2,465,632.0
EBLCP -4.4101 867.0 804,290.0
GRDBL -4.1096 630.0 265,860.0
SINDU -4.0000 336.0 1,534,424.0
ARUN -3.4314 197.0 134,710.0
Symbol % Change Last Price Turnover
PRVUPO 0.0000 190.0 141,267,660.0
EBL 4.7041 1,380.0 41,502,313.0
SCB 0.0440 2,275.0 28,067,533.0
PLIC 0.2344 2,566.0 27,478,564.0
SBL -1.2220 485.0 26,757,006.0