New Delhi, Feb. 1 -- The Centre and the Reserve Bank of India (RBI) are closely monitoring the movement of the rupee and fluctuations in gold and silver prices, and will take action as required to safeguard macroeconomic stability, Anuradha Thakur, Secretary, Department of Economic Affairs (DEA), said on Sunday.

"As far as the rupee or the increase in prices of silver and gold is concerned, our job as a government and with the RBI as the main regulator is to monitor these developments and, from time to time, use the instruments available under rules, regulations and laws," Thakur said. She added that maintaining the rupee within a certain range is a delicate exercise.

Highlighting the government's focus on manufacturing, the Secretary s...