• Wednesday, August 17, 2022

Business

India Takes Steps for Series of Measures to Curb Rupee Depreciation

The survey called ‘India Corruption Survey 2019’ which received 190,000 responses from people located in 248 districts of India has brought out citizen pulse at the national level (Photo: INDRANIL MUKHERJEE/AFP/Getty Images).

By: Radhakrishna N S

The Indian government has announced a bunch of measures to curb depreciation of rupee which recorded a historic fall this year, and kept the door open to announce more steps to protect the health of the domestic economy. Indian finance minister Arun Jaitely after an economic review meeting chaired by prime minister Narendra Modi on late Friday (14) said that his government aims to takes necessary steps to reduce unnecessary imports, ease foreign borrowing rules for production sector and relax norms around banks raising rupee denominated overseas bonds. Despite strong gross domestic product (GDP) data, the rupee continued to be…

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