As compared to an appreciation of 1.1 per cent during 2010–11, the Indian Rupee fell by more than 12 per cent during 2011–12 (Chart 1). The downward pressure on the Indian Rupee was also marked by heightened volatility. A sharp depreciation within a short period of time had a destabilizing impact on the general market sentiment.
Amando M Tetangco, Jr: Assessment of the thrift banking system Keynote address by Mr Amando M Tetangco, Jr, Governor of the Central Bank of the Philippines, at the Annual National Convention of the Chamber of Thrift Banks, Baguio City, 17 March 2006. *  *  *  Good morning!