The deputy governor of RBI, Mr.K.C.Chakrabarty, speaking at a seminar organized by ICICI Bank has said that they are not really worried about the strengthening of the Rupee against the dollar. However, the volatility of the rupee is a cause for concern.

This does indicate a positive sign about the growth of rupee from the officials at RBI. This assertion from the deputy governor makes it clear about it even as HDFC Bank in its FX Research report expressed surprise at the growth of rupee in recent times.