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

Related Topics

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)

FILED UNDER:

Reuters Showcase

GDP Growth

GDP Growth

India revises up 2013/14 GDP growth to 6.9 percent.  Full Article 

Adani Restructuring

Adani Restructuring

Adani hives off power, ports businesses to boost growth.  Full Article 

Bank of Baroda

Bank of Baroda

Q3 net profit down 69 pct on higher provisions  Full Article 

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Banking Sector

Banking Sector

Banks say no room to cut lending rates, thwarting RBI easing  Full Article 

ICICI Results

ICICI Results

ICICI sets quarterly record profit as Q3 net rises 14 pct  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage