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Indian PM says rupee slide worrying but part of needed adjustment

Rupee fall is a "matter of concern", but because of India's large current account deficit and will have a positive impact on export competitiveness in the coming months, a need to adjust the part of Prime Minister Manmohan Singh said, last Friday.
Singh told the Congress, the current account deficit is "unsustainable big", to solve this problem is needed is gold and reduced demand for oil imports.
He added that although the rupee overshoot on the foreign exchanges, India does not take into account any capital controls.



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