Prime Minister Manmohan Singh will meet industry leaders on July 29 to discuss a sharp depreciation of the rupee and measures to correct a wide current account deficit, a government statement said on Monday, as the currency touched a record low.
Also read: Rupee to stay in 58-62/$ range now; CAD may dip: StanChart The rupee fell to an all-time low of 61.21 on Monday, sparking speculation about potential measures from the Reserve Bank of India, including providing a special window for oil companies to buy dollars. The RBI will meet officials from oil companies, the biggest buyers of dollars in domestic markets, later on Monday to discuss their foreign exchange needs, two sources with direct knowledge of the matter told Reuters.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
