Sources said Deora is seeking legal opinion on the FIR naming him for the 2007 decision.
Moily, under whom the fresh decision of raising the rates upon expiry of the term of USD 4.2 rate at end of March was taken, is however not contemplating writing to LG on the issue, sources in his ministry said.
They said the minister feels the decision to fix new rates from April 1, 2014 was taken much before he took charge of the ministry on October 28, 2011.
A committee headed by C Rangarajan, Chairman of the Prime Minister's Economic Advisory Council, was appointed by the Prime Minister on request of his predecessor S Jaipal Reddy to suggest a pricing formula to be applicable from April.
Moily, they said, merely took the recommendation of that committee to the Cabinet, which deliberated on the formula suggested by Ranagarajan twice over six months and approved it.
Latest India News
