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Coimbatore
TEA hails RBI decision
June 7, 2016
The Tirupur Exporters Association (TEA) today hailed the RBI announcement that it would monitor rupee and dollar liquidity.
In a statement today, TEA chief A. Shaktivel thanked RBI Governor Raghuram Rajan for ensuring the supply of dollar into the system in case of any extreme volatility happened due to outflow of dollar and the availability of foreign exchange reserve at $360 billion would help maintain the rupee and dollar parity.
“The RBI Governor’s statement has boosted the business confidence of the exporters since they would not face any extreme risk of volatility in prices and the exports would go smoothly,” he said.
