No plans to devalue rupee, market to determine value: Finance Ministry
As the rupee saw a sudden plunge this morning on reports of currency devaluation, Finance Ministry officials on Thursday said there were no plans to devalue the domestic unit and its value will continue to be determined by the market.
Sep 15, 2016, 14:19 PM IST
Didn't tell reporter I want devaluation: Nirmala Sitharaman
The government sent mixed messages on Thursday whether it wanted a weaker rupee, with Commerce Minister Nirmala Sitharaman saying she had not told a reporter the government was discussing a devaluation but stopping short of an outright denial.
Sep 15, 2016, 11:05 AM IST
Rupee falls on report of ministry's call for weaker currency; finance ministry denies
The Indian rupee fell below 67 to the dollar on Thursday after a television channel reported that the commerce ministry will propose a devaluation in the unit to the government to promote dwindling exports.
Sep 15, 2016, 11:00 AM IST
