NEW DELHI (Reuters) - India's chief economic adviser Raghuram Rajan said he is likely to brief the media on the rupee's fall on Thursday, after the Indian currency slumped to a record-low level.
Earlier, the rupee fell to a record low of 59.9350 to the dollar, a day after the U.S. Federal Reserve indicated a tapering of its monetary stimulus, and data showed China's factory activity weakened to a nine-month low in June.
After Rajan's comments, the rupee trimmed losses to 59.66 to the dollar.
(Reporting by Rajesh Kumar Singh and Manoj Kumar; editing by Matthias Williams)