So says a finance ministry official. Bloomberg reporting 15 Sept
- India has no administered value for rupee
The finance ministry official declines to be named, citing rules.
The denial comes a short while after CNBC TV18 carried as story that devaluation talks were being mooted for next week.
Rupee pares a few earlier losses.
Update: Economic affairs sec Das says they have no plan to change policy on rupee
- no administered rate for rupee
- rupee value determined by market
Commerce min Sitharaman says she didn't speak to any reporters but stopped short of issuing an outright devaluation denial.
No smoke without fire they say.