The government has taken many steps to contain the free fall of rupee in the past few days but has failed to check the slide. Slumping further, the rupee tested new record low of 64 versus the US dollar.

Reserve Bank of India's (RBI's) recent intervention did precious little to save rupee from depreciating further. India's currency has lost 13 percent against the dollar this year.

In order to arrest the rupee slide, RBI last week had announced measures such as restriction on Indian firms investing abroad and on outward remittances by resident Indians, triggering talks of return of capital control regime.

For More information on this news visit: http://www.itvnewsindia.com/
Connect with us on Social platform at: http://www.facebook.com/IndiaNewsTV
Subscribe to our You Tube channel: http://www.youtube.com/itvnewsindia