The Indian currency dropped sharply a day after the US Federal Reserve chairman Ben Bernanke signalled that the Fed would start winding down its stimulus spending later this year.
The Fed move is likely to lead to appreciation of the US currency against its major rivals.
The Indian currency recovered in the afternoon after the government said it was ready to take steps to curb volatility.
The Fed move is likely to lead to appreciation of the US currency against its major rivals.
The Indian currency recovered in the afternoon after the government said it was ready to take steps to curb volatility.
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