Annual Average Exchange Rate Goes UP

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....nnual Average Exchange Rate Goes UP <br>News and Press Release<br>Dated:- 9-7-2014<br><BR>The Economic Survey 2013-14, presented today in the Lok Sabha by the Union Finance Minister Shri Arun Jaitley,....

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.... has noted that the annual average exchange rate of the rupee went up from &#x20B9; 47.92 per US dollar in 2011-12 to &#x20B9; 54.41 per US dollar in 2012-13 and further to &#x20B9; 60.50 per US dolla....

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....r in 2013-14. The large depreciation of the rupee during the course of the year, notwithstanding sizeable accretion to reserves in 2013-14, could partly be attributed to frictional forces and partly t....

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....o the role of expectations in the forex market. The rupee has stabilized recently, reflecting an overall sense of confidence in the forex market as in other markets.<BR> News - Press release - PIB....