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RBI intervention only way to stop rupee's fall: Currency consultant

PUBLISHED ON: May 16, 2012 | Duration: 14 min, 46 sec

  
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The rupee fell to a record low against the US dollar on Wednesday, breaching 54.30, weighed down by a sluggish domestic economy and risk-averse global sentiment. "The only way to stop the rupee's fall will be continuous RBI intervention," said AV Rajwade, Consultant at Currency & Interest Rate Risk Management in a discussion with NDTV profit.
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