Markets recover as PM calls meet to take stock of macroeconomic situation

Prime Minister Narendra Modi will chair a high-level meeting on Saturday to take stock of the country’s macroeconomic situation, against the backdrop of a falling rupee and rising petrol and diesel prices. Finance Minister Arun Jaitley, Secretary Hasmukh Adhia and other senior officials are expected to attend the meeting, during which a presentation will be given on the state of the economy, according to sources.  The rupee, which hit a fresh low of 72.91 against the dollar on Wednesday morning, recorded a sharp recovery after Economic Affairs Secretary Subhash Garg said.....

Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.