<p>New Delhi: Commerce and Industry Minister Piyush Goyal on Saturday said the rate of rupee depreciation has come down and expressed hope that after 8-10 years, it will start appreciating against US dollar, helping the Indian economy to grow at faster pace.</p>.<p>Unlike in the past, Goyal said, the Reserve Bank of India and the finance ministry are working together to push the growth of the country.</p>.<p>The government has taken a series of measures to boost economic growth and now India has become the fifth largest economy of the world.</p>.Indian rupee strengthened under Modi govt: Law Minister Meghwal.<p>Rupee has stabilised now, otherwise it used to depreciate at a rate of 3-3.5 per cent annually, he said.</p>.<p>After the Modi-government came to power in 2014, the rate of depreciation has come down to about 1.5 per cent.</p>.<p>"In the next 10 years, this will reduce further to about 0.5-0.75 per cent. My personal belief is that after 8-10 years, the rupee will start appreciating and with that, the Indian economy will grow further at a faster rate," he added.</p>.<p>The minister was speaking at the India Banking Conclave here.</p>
<p>New Delhi: Commerce and Industry Minister Piyush Goyal on Saturday said the rate of rupee depreciation has come down and expressed hope that after 8-10 years, it will start appreciating against US dollar, helping the Indian economy to grow at faster pace.</p>.<p>Unlike in the past, Goyal said, the Reserve Bank of India and the finance ministry are working together to push the growth of the country.</p>.<p>The government has taken a series of measures to boost economic growth and now India has become the fifth largest economy of the world.</p>.Indian rupee strengthened under Modi govt: Law Minister Meghwal.<p>Rupee has stabilised now, otherwise it used to depreciate at a rate of 3-3.5 per cent annually, he said.</p>.<p>After the Modi-government came to power in 2014, the rate of depreciation has come down to about 1.5 per cent.</p>.<p>"In the next 10 years, this will reduce further to about 0.5-0.75 per cent. My personal belief is that after 8-10 years, the rupee will start appreciating and with that, the Indian economy will grow further at a faster rate," he added.</p>.<p>The minister was speaking at the India Banking Conclave here.</p>