Rupee offers India budget relief as subsidy pressure eases

NEW DELHI (Reuters) – A recovery in the rupee is giving India’s Finance Minister P. Chidambaram rare relief in his battle against a threatened credit rating downgrade to junk status by reducing pressure on the government’s subsidy bill.

Link to article: feeds.reuters.com/~r/reuters/businessNews/~3/LUqU-Nt7o1I/story01.htm

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