Jagran Josh Logo
  1. Home
  2.  |  
  3. Economy Current Affairs |  

RBI announced Weekly Sale of Government Bonds to Check Fall in Rupee Price

Aug 10, 2013 10:34 IST

Reserve Bank of India (RBI) on 8 August 2013 announced that it will sell the government bonds every Monday to check upon the volatility in the foreign exchange market. The government bonds notified for being sold worth 22000 crore rupees.

The Reserve bank has taken several steps since June 2013 to contain the volatility in the foreign exchange market. The decision of selling the bonds is also a part of the measures taken by the RBI to arrest the weakening of rupees.

The duration of the auction will be announced one day prior to the date of auction.

Is this article important for exams ? Yes187 People Agreed
Read more Current Affairs on: Reserve Bank of India , RBI , Foreign Exchange Market , Decline in Rupee ,

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK