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Kamal Nath says rising rupee a concern

Kamal Nath says rising rupee a concern
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First Published: Thu, Sep 20 2007. 01 05 PM IST
Updated: Thu, Sep 20 2007. 01 05 PM IST
New Delhi: Trade Minister Kamal Nath said on 20 September the rise in the rupee to a new 9-year high was a matter of concern and the government would look at steps to protect exporters.
“It is a new situation and it needs a new response,” Nath told reporters.
In morning trade, the rupee strengthened to its highest level in nine years, breaching the 40 level to the US dollar, after a sharp US rate cut brightened the outlook for high-yielding assets such as the rupee.
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First Published: Thu, Sep 20 2007. 01 05 PM IST
More Topics: Rupee | Dollar | Kamal Nath | Home |