Rupee strengthened against all major currencies other than dollar: CEA

He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen

At a time when the Indian rupee has touched a historic low breaching the psychological 80 mark, Chief Economic Advisor (CEA) V Anantha Nageswaran said that the rupee has declined only against the dollar and has strengthened against all the other major currencies of the world.

He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Japanese yen. He said that with crude oil prices coming down and the onset of monsoon, inflation is expected to