Rs Hits 66.30/$, FM Hits Reform Button

Union finance minister P.Chidambaram said on Tuesday that the government had approved a raft of infrastructure projects worth `1.83 lakh crore in order to revive the investment cycle and restore investors' confidence as the rupee fell to a new lifetime low.

“The message we are sending is that the investment cycle has restarted, and we are pushing it. It is gathering pace,“ Mr Chidambaram said. The finance minister added that the government will endeavour to improve investor sentiments to help the rupee find its appropriate level.

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