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PM Modi can call review meeting to check the decline in rupee

New Delhi: Prime Minister Narendra Modi is expected to conduct an economic review at the end of this week to assess intervention measures to stop the fall in the value of rupees .It has been said in the report that the government is also expected to announce measures to check the rise in oil prices.

The rupee is in tension due to the increased current account deficit and the impact of the bad trade war between the US and China. Current account deficit touched the highest level of five years of $ 15.8 billion in the current quarter.

In the morning trade touched the lower level of the new record of 72.90, but after the news arrived, it brought some values back.

This year, the rupee has declined 12 per cent, which is one of the worst performing currencies in Asia.

Prior to this, the reports in the media had said that in collaboration with the RBI, the government can declare a deposit scheme to attract foreign inflows for NRI to check the depreciation in rupees.

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