NEW DELHI: The government is likely to announce on Monday a slew of measures, including raising duties on non-essential goods and relaxing norms for overseas fundraising bycorporates, to stabilise the rupee.
Hectic deliberations were held in the finance ministry over the extended weekend on ways to stabilize the volatile domestic currency, which had touched a record low of 61.80 to a US dollar last week.
"Some measures are in the offing," sources said, adding that government's focus is on attracting foreign inflows.
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