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Falling Rupee: Prithviraj Chavan seeks stimulus for industries to save jobs

Press Trust of India
Aug 28, 2013 at 07:51pm IST

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Expressing concern over the fall in the rupee against the US Dollar, Maharashtra Chief Minister Prithviraj Chavan on Wednesday said he was in touch with the Centre for a stimulus to the industries to prevent job losses.

"I am planning to have meetings with the captains of the industry in Delhi as well as in the state.

I am in touch with the Centre to get stimulus for the industries, so that there should not be job-losses," Chavan told reporters in Mumbai.

Falling Rupee: Prithviraj Chavan seeks stimulus for industries to save jobs

Falling Rupee: Prithviraj Chavan seeks stimulus for industries to save jobs

"Auto sector will be affected," Chavan said, adding that the fall in rupee will have an impact on the diesel prices too.

If the US waged a war on Syria, then prices of crude oil will rise sharply, he added.

The rupee closed at a new all-time low of 68.80 on Wednesday.

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