Panji, Aug 23 (TNN): Finanace minister P Chidambaram on Thursday said though the rupee was undervalued and had depreciated beyond its "reasonable and appropriate level", there would no return to capital controls.
To a query if a duty could be levied on export of iron ore, he said the matter is being examined. Chidambaram said the mines ministry has moved or will move the Supreme Court seeking relaxation in some of the orders passed earlier on iron ore. " I think orders are already being relaxed in the case of Karnataka mines. I think some orders are expected in the Goa mines. The idea is to get iron ore mining back on its feet," he said.