December 19, 2011 / 2:22 PM / 6 years ago

Depreciating rupee 'matter of concern' - Anand Sharma

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

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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