Duvvuri Subbarao: Currency wars, rural development, rising house prices and the deepening of capital markets Interview with Mr Duvvuri Subbarao, Governor of the Reserve Bank of India, published on ft.com/beyondbrics on 18 November 2010. *  *  *  Currency wars and capital flows Rupee strength beyondbrics reader: Why is the RBI opposed to rupee appreciation?
We put the banking sector on high alert, with daily monitoring of all major movements, to enable us to take pre-emptive and timely action at the slightest sign of any adverse development.