NEW DELHI: India's junior finance minister 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 Bloomberg TV.
Sinha added that the rupee's 60-65 level against the dollar is a "good zone to be in".
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