Mukherjee hints at austerity as rupee dips to record low | ummid.com

Mukherjee hints at austerity as rupee dips to record low | ummid.com
The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a record low of 54.50 against the dollar and stock markets tumbled.