India is trying to "address volatility" in the Indian rupee that has tumbled to record lows against the dollar in recent weeks, a government official said on Monday, amid concerns of a widening trade deficit and sell-off of assets by foreign investors.
The rupee has plunged 6% against the dollar this year, weighed down by broad strength in the greenback and as investors retreated from the domestic share markets.
Meanwhile, India's trade gap touched a monthly record of $24.3 billion in May, hurt by higher commodity prices.
