Overall economic expansion cooled to 5.7 per cent in the June quarter, data released on Thursday showed, its slackest pace in more than three years. "(The) rupee is now really hurting growth," said Pronab Sen, the former Chief Statistician of India and now a country director for think-tank International Growth Centre. "It is about time India does something about it, else we will have to brace ourselves for an extended spell of weak growth. "Previously, strong rupee appreciation would prompt policymakers to talk down the currency. "There are no easy options," said the government official.

Source: Economic Times September 02, 2017 11:03 UTC