Kamal Nath says rising rupee a concern

Kamal Nath says rising rupee a concern

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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