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Pak blasts have no financial implications: RBI
The Reserve Bank of India is closely monitoring the market developments including forex markets in view of the five nuclear tests conducted by Pakistan. The central bank stated it would take such action as may be necessary to ensure continued orderly conditions. An RBI statement said, the latest developments will have no financial implications on us. The statement went on to say the financial markets are expected to continue to function normally. The RBI was reacting to newspaper reports that the rupee was traded in unofficial kerb deals late on Thursday evening sharply lower at 41.90 to a dollar.