What we are interested is making orderly conditions and to maintain some stability in the market, he said responding to a question whether the central bank would intervene to check the upward movement of the Indian currency vis-a-vis the US dollar. We are continously watching and responding, he added.
On the impact of the rupee appreciation on the exports from the country especially the software sector Mr Mohan said we are an open economy and the companies are responding to the situation. The companies have to respond themselves. Market is not something that remains stationary, he pointed.
However, he said that the companies are responding very well to the kind of changes taking place in India and internationally.
He said export sector in the country is resilient enough to handle these problems by pointing out the export growth of 18 per cent acheived by the country last year despite the world trade clocking a meagre two per cent growth.