Reuters: Money News: RBI intervenes in FX mkts to smooth volatility: speech

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RBI intervenes in FX mkts to smooth volatility: speech Jul 18th 2013, 04:57 MUMBAI (Reuters) - The RBI lets the exchange rate be market determined but intervenes to smooth volatility and prevent disruptions to macro-economic stability, Reserve Bank of India Governor Duvvuri Subbarao said in a speech in London on Wednesday.

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