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Depreciating rupee 'matter of concern' - Anand Sharma
December 19, 2011 / 2:22 PM / in 6 years

Depreciating rupee 'matter of concern' - Anand Sharma

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.

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

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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