Chief economic adviser likely to brief press on rupee fall

  • Reuters, New Delhi
  • |
  • Updated: Jun 20, 2013 10:19 IST

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.

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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