NewsX: In a move to stem the continuing fall of rupee, the Reserve Bank of India came out with a slew of measures including hiking the lending rates for banks and sucking up of 12,000 crore rupees, to make the currency dearer.

The measures came after prime Minister Manmohan Singh met Finance Minister P. Chidambaram in the backdrop of rupee falling to an all time low 61 Rupees against U.S Dollar last week. The ministers also discussed the issue with RBI Governor D Subbarao.


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