Panel formed to study weak rupee impact on exports, imports

Finance minister P Chidambaram on Thursday set up a committee to look at the impact of rupee depreciation on exports and imports. It will also suggest measures to boost exports, reports CNBC-TV18.

Also read: CBEC to target 12 lakh non-filers of service tax: FM

Chidambaram also met Commerce Minister Anand Sharma and Prime Minsiter's Economic Advisory Council (PMEAC) chairman C Rangarajan on further measures to boost the rupee.

He held a meeting with Planning Commission member Saumitro Chaudhuri on duty drawback rates. Chaudhuri will submit a report on this next month as part of the annual review of rates.