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Finance minister holds meeting with officials over rupee fall
June 20, 2013 / 4:57 AM / 4 years ago

Finance minister holds meeting with officials over rupee fall

NEW DELHI (Reuters) - Finance Minister P. Chidambaram held a meeting with his top civil servants on Thursday about the fall of the rupee, which has plunged to a record low level.

Cycle rickshaws move past a display of Indian rupees at a roadside currency exchange stall in the old quarters of Delhi June 10, 2013. REUTERS/Anindito Mukherjee

The rupee has fallen to 59.9350 to the dollar, a day after the U.S. Federal Reserve indicated a tapering of its monetary stimulus, and data showed China’s factory activity weakened to a nine-month low in June.

Reporting by Rajesh Kumar Singh and Manoj Kumar, editing by Anurag Kotoky

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