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HindustanTimes Thu,21 Aug 2014

Chief economic adviser likely to brief press on rupee fall

Reuters  New Delhi, June 20, 2013
First Published: 10:18 IST(20/6/2013) | Last Updated: 10:19 IST(20/6/2013)

Chief economic adviser said he is likely to brief the media on the rupee's fall on Thursday, after the Indian currency slumped to a record-low level.

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Earlier, the rupee fell to a record low of 59.9350 to the dollar, a day after the US Federal Reserve indicated a tapering of its monetary stimulus, and data showed China's factory activity weakened to a nine-month low in June.

After Raghuram Rajan's comments, the rupee trimmed losses to 59.66 to the dollar. 


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