Depreciating rupee 'matter of concern' - Anand Sharma
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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Surprise Rate Cut
The Reserve Bank of India (RBI) unexpectedly lowered its policy rate for the second time this year on Wednesday, backing a government that is pushing to revive economic growth as inflation cools. Full Article | Video