You are here

Rupee hit by devaluation talk despite ministry denial

Friday, September 16, 2016 - 05:50

BT_20160916_KVRUPEE16_2495376.jpg
Ms Sitharaman tweeted she had not told a reporter the government was discussing a devaluation. But she stopped short of denying the ministry was weighing such a proposal.

Mumbai

INDIA'S finance ministry swatted down a media report on Thursday of a possible devaluation of the rupee, dismissing lobbying by struggling exporters seeking a competitive boost from a cheaper currency.

The rupee weakened 0.28 per cent to 67.0750 to the dollar after a

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom