On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1230 AM Sioux Falls, SD 98.1 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
70° Feels Like: 70°
Wind: WSW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Scattered Thunderstorms 56°

Tomorrow

Sunny 77°

Wed Night

Clear 62°

Alerts

Adjustment in Indian rupee was called for: PM adviser

NEW DELHI (Reuters) - Adjustment in India's rupee, which has fallen by nearly 20 percent since May, was called as the country has seen high inflation compared with other countries, Prime Minister's economic adviser C. Rangarajan said on Tuesday.

"In some sense, the adjustment in the rupee was very much called for because our inflation rate was running so much higher than in the other countries," said Rangarajan, chairman of Prime Minister's Economic Advisory Council.

On Tuesday, the partially convertible rupee, the worst performing currency among the major global economies, dropped as much as 3.1 percent to 68.12 per dollar.

(Reporting by Rajesh Kumar Singh and Krishna N. Das; Editing by Supriya Kurane)

Comments