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)
Trending On Reuters
India's biggest steel manufacturer, Tata Steel Ltd said its fourth quarter loss narrowed on lower costs and a smaller charge on impairment of assets. Full Article