Rupee hit by devaluation talk despite ministry denial
Fri, Sep 16, 2016 - 5:50 AM
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.
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...