People of Delhi saddened by arrest of Kejriwal: Saurabh Bharadwaj
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PRESS TRUST OF INDIA
New Delhi, 9 July
The Union Finance Minister P Chidambaram will be meeting officials of top American companies such as Walmart, Boeing and Lockheed Martin during his US tour to sell India’s growth story and attract investments to combat the falling rupee.
The minister, who left on a four-day long tour last night, will also hold bilateral talks with his US counterpart Treasury Secretary Jacob Lew.
Mr Chidambaram’s US programme include meetings with Walmart Asia CEO Scott Price, Boeing International president Sheperd W Hill, Lockheed Martin International CEO Pat Dewar, Microsoft’s general counsel and executive vice-president (legal and corporate affairs) Brad Smith, among others.
The minister&’s overseas visit comes at a time when the rupee has taken a beating and had touched an all-time low of 61.21 to a dollar yesterday.
The huge outflow of foreign funds to the tune of $7 billion alone in June following concerns over tapering of bond purchases by the US government is putting pressure on the rupee.
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