It pays to be a bit unpredictable, says RBI governor

February 02, 2012 17:55

The Wall Street Journal reports has quoted India's central bank governor as saying said that it is best to be unpredictable in tactical currency management, and reiterating the bank's policy of not disclosing details of intervention in the foreign exchange market.

"It pays to be a bit unpredictable on when you intervene, how much you intervene, how you are going to move the exchange rate," Duvvuri Subbarao said at a conference, the paper says here.

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