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Concerned about Rupee Appreciation, says Jayant Sinha

Minister of state for finance Jayant Sinha on Thursday expressed concern about the rupee’s appreciation against all major currencies, except the US dollar.

“As of now, we do have to find a zone for the rupee that prevents obviously inflation, etc., in India- which is one of the things that we are concerned about – but at the same time (it) doesn’t push out of the zone of competitiveness,” Jayant Sinha told foreign investors on a news channel.

Mr Sinha added that the rupee’s 60-65 level against the dollar is a “good zone to be in”.

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