<div>India has no target for the rupee's exchange rate and the currency will remain rangebound, the economic affairs secretary said, despite recent global market volatility.<br /><br />The rupee fell on Thursday (30 January), tracking weakness in emerging markets after the Federal Reserve further pruned its monetary stimulus.<br /><br />"We are vigilant...we believe that we are capable of withstanding (the impact of the Fed tapering)," Arvind Mayaram said.<br /><br />(Reuters)<br /> </div>
