ET:RBI sees rupee improving on better news from Europe
VIJAYAWADA: The foreign exchange rate will improve with better news from Europe, Reserve Bank of India Governor Duvvuri Subbarao said on Thursday, adding he could not speculate on the rupee's value.
The rupee's appreciation in the last one week was due to better economic situation and the central bank's policy measures, the governor said on the sidelines at an event.
The rupee was at 52.77 to the dollar on Thursday after hitting a record low of 54.30 on Dec. 15.
