Govt responds as Indian rupee hits historic low

CEA Anantha Nageswaran responded to Indian rupee hitting historic lows after breaching the 92 mark against US dollar for the first time. "The fact that rupee isn't reflecting macro fundamentals and sustained growth rate will definitely catch investor attention, which is when tide will turn," Nageswaran said. Rupee's performance isn't "out of line" with other emerging markets' currencies, he added.

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