Reuters logo
India considering currency swaps with other countries-TV
August 27, 2013 / 9:38 AM / 4 years ago

India considering currency swaps with other countries-TV

MUMBAI, Aug 27 (Reuters) - India is considering currency swaps with other countries, TV channels Bloomberg TV and CNBC-TV 18 reported on Tuesday, citing senior government officials.

Bloomberg TV said India would set up a task force to look into setting up currency swaps, citing Commerce Minister Anand Sharma. CNBC-TV 18 reported India was considering the swaps with trading partners, citing Trade Secretary S. R. Rao.

The rupee fell to a record low of 66.075 to the dollar earlier on Tuesday, while shares slumped after parliament’s approval of a $20 billion plan to provide cheap grain to the poor renewed doubts about the government’s resolve to control spending ahead of elections due next year.

Reporting by Rafael Nam; Editing by Sunil Nair

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below