Depreciating rupee 'matter of concern' - Anand Sharma

NEW DELHI Mon Dec 19, 2011 7:50pm IST

An employee counts currency notes at a cash counter inside a bank in Agartala August 9, 2011. REUTERS/Jayanta Dey/Files

An employee counts currency notes at a cash counter inside a bank in Agartala August 9, 2011.

Credit: Reuters/Jayanta Dey/Files

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NEW DELHI (Reuters) - The depreciating rupee is a "matter of concern", Trade Minister Anand Sharma said on Monday after a meeting with industry bodies regarding a decline in industrial production.

The rupee has dropped more than 16 percent against the U.S. dollar since July, making it Asia's worst performing currency this year.

(Reporting by Rajesh Kumar Singh, editing by Aradhana Aravindan)

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