Mumbai: P Chidambaram, Indian Finance Minister said that Indian currency (rupee) could go up more due to solid growth in the economy. The other reason for the appreciation is that the exporters need to become more aggressive in the world wide market.

The traders said that the statement pushed the Indian rupee to its firmest level in nearly a decade, but the suspected RBI involvement blocked the admiration.

While talking to the trade and industry associates at a conference, Mr. Chidambaram said, “With the economy growing at an average rate of 8.6 percent, the rupee is bound to strengthen.”