PM takes stock of economy amid depreciating rupee

NEW DELHI: Prime Minister Narendra Modi on Friday began a two-day review of prevailing economic issues including fall in the rupee, rising fuel prices and reforms measures needed to boost growth, official sources said.

Modi met Finance Minister Arun Jaitley, RBI Governor Urjit Patel and other key officials involved in economic policymaking. The deliberations will continue tomorrow, the sources said.

Issues facing the economy like depreciation in the rupee and rising fuel prices are being discussed in the meeting.

Measures to boost exports as well as raising interest rate to shore up the rupee, that hit a fresh lifetime low earlier this week, are also being talked about in some quarters.

The meeting comes against the backdrop of the Indian currency falling around 6 per cent since August to touch an all-time low of 72 level this week. Petrol and diesel prices have also touched record highs. (AGENCIES)