Economic growth in India: No cause for concern, says Arvind Mayaram

Jan 27 2014, 13:12 IST
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Arvind Mayaram added he did not believe the Indian rupee would tumble and track steep falls in the Argentina peso. Arvind Mayaram added he did not believe the Indian rupee would tumble and track steep falls in the Argentina peso.
SummaryMayaram says 'rupee remain range-bound and we should not get overtly concerned'.

we should believe that if Argentina is in trouble today, that the Indian rupee should follow."

The Indian rupee fell to as low as 62.90 to the dollar on Monday, its lowest since Nov. 22, as emerging markets remained under pressure on fears about an economic slowdown in China and uncertainty about monetary stimulus tapering by the U.S. Federal Reserve.

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