Falling rupee a worry for Pranab Mukherjee

Last Updated: Sun, May 20, 2012 13:11 hrs

Kolkata, May 20 (IBNS) Union Finance Minister Pranab Mukherjee on Sunday admitted that the steep fall in the rupee is a big worry for the government which is trying to fight the situation arising out of the Eurozone crisis.

"It is a matter of great concern. We are watching the situation. It is owing to Eurozone crisis," Mukherjee told reporters here.

He said his government was acting on the problem and would try to resolve it.

The rupee tanked to a record low against the dollar on Wednesday amid assurance by Mukherjee that he has directed the finance ministry to boost fiscal consolidation.

Mukherjee also told the Parliament that austerity measures would be taken.

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