The finance minister on Thursday pledged new reform measures by the end of June including lifting caps on foreign direct investment and changes in locally-produced gas prices to win back investor confidence.
Palaniappan Chidambaram's comments come as the rupee has slumped to a record low of 58.98 per dollar this week, adding to concerns about the prospects of a recovery in Asia's third largest economy.
While the fall is part of a sell-off in riskier assets across the region, the rupee has been hit harder than other emerging market currencies because of the country's hefty current account deficit.
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