"We are monitoring the situation ... and several steps are under consideration. The situation is globally quite challenging," Goyal said.

"We are monitoring the situation ... and several steps are under consideration. The situation is globally quite challenging," Goyal said.

Union commerce and industry minister Piyush Goyal on Thursday addressed concerns around the rupee’s decline, the widening current account deficit (CAD), and shared updates on the…

India's RBI considers interest rate hikes and other measures to stabilize the rupee amid significant currency depreciation concerns.