CURRENCIES | Dealing With Divergence
Different monetary policy stance of
the ECB and the Federal Reserve is
creating volatile conditions in currency
markets, says Abhishek Goenka,
Founder and CEO, IFA Global DMCC
I
n February, the Indian rupee weakened
against the dollar and, for the month,
closed at fresh record low levels. And in
line with its past performance in March
the rupee managed to appreciate against
the dollar. The Reserve Bank of India (RBI)
Governor in its previous policy meeting
has been vocal and stated that the central
bank wishes to curb the volatility of the
rupee rather than protecting a level,
either on the downside or on the upside,
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www.wealth-monitor.com | April 2016