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RBI, FinMin to take up Rupee fall, CAD rise at FSDC sub-panel meet today

The RBI and the Finance Ministry will review the situation arising out of the weakening rupee and the widening current account deficit (CAD) at a meeting of the sub-committee of Financial Stability and Development Council (FSDC) on Wednesday.

‘The FSDC sub-committee will meet on Wednesday in Mumbai. Developments on the rupee front and the CAD are likely to be discussed in the meeting,’ a senior finance ministry official said. The sub-committee meeting, headed by RBI governor D Subbarao, will also be attended by senior Finance Ministry officials including Department of Economic Affairs (DEA) Secretary Arvind Mayaram.
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