The Indian government will likely announce measures to halt rupee slide and revive economic growth on Monday, reports said.
Finance Minister Pranab Mukherjee on Saturday expressed concerns over the growing signs of weakness in the economy and said the government will announce a number of measures to boost market conditions in consultation with the Reserve Bank of India.
The rupee reached an all-time low of 57.32 on Friday. The economy grew just 6.5 percent in 2011-12, according to official data. The latest figures showed industrial production rising by a meager 0.1 percent in April.
Mukherjee will resign from his post on Tuesday to contest the Presidential polls.
by RTT Staff Writer
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