NEW DELHI 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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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read