The rupee strengthened by 14 paise to close at 66.41 against the US dollar on Wednesday.
Leading economists have asked the government to levy higher taxes on super-rich, encourage small savings and try to bring down inflation to 4-5 per cent.
Euro is the currency used by the Institutions of the European Union and is the official currency of the eurozone.
The IMF said in its latest report that the global economy is likely to grow at a slower rate than previously forecast over the next two years.
Jet, earlier, pulled out of Johannesburg, New York routes.
Lagarde said that she had elaborate discussions on the general economic situation.
Employees in Latin America (86%), the Nordic region (84%),North America (79%) and South EastAsia (75%) are most likely to get a pay rise in 2013.
The declaration said that it recognised the impact of the continuing crisis on developing countries, particularly low income countries.
Fresh dollar demand from importers and some banks on the back of smart rise in the US dollar ahead of RBI monetary policy meeting on Tuesday also weighed on the rupee, said forex dealers.
For the first time ever, a Chinese bank has topped the world's top banks' ranking.
Amid rupee's free fall and slowdown in western markets, the government is likely to announce incentives in the foreign trade policy (FTP), scheduled for June 5, to boost exports.
After dropping nearly 200 points, the Sensex on Friday staged a smart recovery tracking strong cues to close just 26 points lower as investors looked beyond thedeficient monsoon and ECB not announcing immediate steps to tackle Eurozone debt crisis.
India is expected to grow at 7.8 per cent in 2015, surpassing China's growth rate.
Amid Eurozone crisis and uncertain economic climate, emerging economies of India and Brazil have topped the business confidence index confirming their role as key drivers of the global economy, according to the global Regus Business Confidence Index.
Stating that the G-20 Summit took place in very difficult circumstances, Prime Minister Manmohan Singh said, "Faltering growth in most countries was overshadowed by the threat of uncertainty in the Eurozone arising from a combination of excessive sovereign debt combined with banking weakness."
The economic recovery is faltering and even the fast growing emerging markets are slowing down, says Prime Minister Manmohan Singh.
The Prime Minister also warned that 'prolonged' uncertainty and instability in Europe will hurt other countries too and suggested that the IMF can help rescue the situation.
Dollar selling by exporters and banks also supported the rupee, forex dealers said.
The rupee on Friday again breached the 56-mark by losing 31 paise to 56.15 against the US dollar in early trade to hit a fresh one-week low, due to strong demand for the American currency from banks and importers.
Eurozone crisis has hit the India-France bilateral trade and achieving the USD 12 billion target (of the trade) would be difficult this year, French Ambassador to India, Francois Richier, said.
The number of jobs created by Brazil, China, Russia, India, China investors in Europe increased by 8 per cent in 2011, with India and China together accounting as the largest players for 95 per cent of job creation and 82 per cent of projects in the continent, Ernst & Young's 10th annual European Attractiveness Survey released on Wednesday says.
The pledge was made at an informal meeting of Braliz, Russia, India and China leaders presided over by Prime Minister Manmohan Singh ahead of the opening of the seventh G-20 Summit in this Mexican resort town. Besides India, the other nations in BRICS are China, Russia, Brazil and South Africa.
The possibility of a meeting between United States President Barack Obama and Prime Minister Manmohan Singh during the G-20 Summit in Los Cabos, Mexico, is not being ruled out, days after the two leaders agreed to work together to address the faltering global economy and the painful Eurozone crisis.
Prime Minister Manmohan Singh concluded his three-day visit to Bali on Saturday, where he attended the India-ASEAN meet and East Asia Summit, besides holding talks with US President Barack Obama and his Chinese counterpart Wen Jiabao.
European Central Bank's decision to take up an unlimited bond-buying plan is the reason
India has been growing nine per cent plus before the global financial meltdown of 2008. The growth rate in 2011-12 slipped to nine-year low of 6.5 per cent.
Prime Minister Manmohan Singh on Tuesday expected the Summit of world's 20 leading economies to signal a 'strong and coordinated approach' to put the global economy back on track, while addressing medium term structural issues.
"The global macroeconomic environment is still uncertain. It is and should be a concern for the IT industry," said the Infosys CEO and Managing Director S D Shibulal said.
Tracking weak stock markets, the rupee today plunged by 65 paise to 55.97, its lowest closing in over three weeks, against dollar amid fresh Eurozone worries and month-end US currency demand from oil firms.
Forex dealers said besides dollar's gains in the overseas markets, outflow of foreign funds from weakening domestic equity market further influenced the rupee sentiment.
The Euro was formally launched on January 1, 1999, but the currency has only been used for non-cash transactions such as cheques and bank transfers. The Euro notes and coins were officially launched on January 1, 2002, with the new currency becoming the sole legal tender of the Eurozone on March 1, 2002.
Pranab Mukherjee says India's economic fundamentals are strong.
The Bombay Stock Exchange's benchmark Sensex crashed by 580 points to 15,484 at 1230 hours on Wednesday as operators succumbed to fresh selling pressure amid a rapid pullout of foreign capital as a poor manufacturing outlook for China and weaker-than-expected growth in the United States spurred fresh fears of a global slowdown.
On Thursday, the local unit had ended higher by 42 paise at 54.94, its highest closing since May 18 against the dollar on sustained FII inflows.
Crisis in Europe is casting a pall over everything, and has slowed down growth not only in the United States, but also in countries like India, China and Brazil, the former US President Bill Clinton has said.
Euro Zone is reeling under a debt crisis, USA is downgraded and world leaders are losing sleep over their attempts to find ways to beat slowdown.
While the Indian foreign exchange market was following the global cues, the situation for rupee aggravated amid sustained month-end dollar demand from importers.
Prime Minister Manmohan Singh has urged the G20 nations to send a strong message to control the 'serious problems' of tax evasion and illicit flows that have grave bearing on the developing nations' future.
The prime minister will be assisted by Planning Commission Deputy Chairman Montek Singh Ahluwalia, India's Sherpa to the G20 process.
Brokers said selling pressure goatherd momentum as the weakening rupee fell to an all-time low of 54.46 against the US dollar.
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