New Delhi, Aug. 20: Finance Minister P. Chidambaram on Tuesday held a meeting with top government functionaries during which he is understood to have discussed the country’s current economic situation.
He also discussed India’s strategy for the upcoming G20 Leaders’ Summit at St Petersburg next month during the meeting.
The meeting was attended by Prime Minister’s key economic advisor C. Rangarajan, Planning Commission Deputy Chairman Montek Singh Ahluwalia, Economic Affairs Secretary Arvind Mayaram and Commerce Secretary S R Rao.
Today’s meeting assumes importance in the backdrop of rupee continuing its declining trend and touching a low of 64.11 to a dollar in early trade today and Sensex slipping below 18,000 points during the day.
The rupee today plunged further by 62 paise to hit a fresh record low of 63.75 against the US dollar in early trade on the Interbank Foreign Exchange on strong demand for the American currency from banks and importers. (ANI)