rupee

The Two-Way
10:41 am
Fri August 30, 2013

India's PM Tries To Reassure Country Over Rupee's Slide

Indian Prime Minister Manmohan Singh during a diplomatic signing ceremony with Iraqi Prime Minister Nouri al-Maliki in New Delhi last week.
Prakash Singh AFP/Getty Images

Originally published on Fri August 30, 2013 2:03 pm

India's Prime Minister Manmohan Singh addressed a steep slide in the country's currency in recent weeks in a rare public speech on Friday, hoping to assuage concern over the rupee's sudden depreciation and blaming the opposition for inaction in Parliament that he said was sending the wrong signals to the markets.

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