NEW DELHI (Reuters) - Finance Minister P. Chidambaram held a meeting with his top civil servants on Thursday about the fall of the rupee, which has plunged to a record low level. The rupee has fallen to 59.9350 to the dollar, a day after the U.S. Federal Reserve indicated a tapering of its monetary stimulus, and data showed China's factory activity weakened to a nine-month low in June. (Reporting by Rajesh Kumar Singh and Manoj Kumar, editing by Anurag Kotoky)
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NEW DELHI (Reuters) - India's chief economic adviser Raghuram Rajan said he is likely to brief the media on the rupee's fall on Thursday, after the Indian currency slumped to a record-low level. Earlier, the rupee fell to a record low of 59.9350 to the dollar, a day after the U.S. Federal Reserve indicated a tapering of its monetary stimulus, and data showed China's factory activity weakened to a nine-month low in June. After Rajan's comments, the rupee trimmed losses to 59.66 to the dollar. (Reporting by Rajesh Kumar Singh and Manoj Kumar; editing by Matthias Williams)
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