Hello Harikrishnan K, 

You can inherit the record id and add the "menu="False"".It will hide from the print menu.

        Example : <report

                        id="account.account_invoices"

                        menu="False"/>

this will automatically hide the report menu for this report.. thanks

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I have  removed from  invoice from print  using this code in report.xml file inside my module.

<report
            id="account.account_invoices"
            model="account.move"
            menu="False"
            string="Invoices"
            report_type="qweb-pdf"
            name="account.report_invoice_with_payments"
            file="account.report_invoice_with_payments"
            attachment="(object.state == 'posted') and ((object.name or 'INV').replace('/','_')+'.pdf')"
            print_report_name="(object._get_report_base_filename())"
            groups="account.group_account_invoice"
        />

Hi,

Try this, to remove the report from the print menu,

<record id="base.ir_module_reference_print" model="ir.actions.report">
    <field name="binding_model_id" eval="False"/>
</record>

Where id is the Id of the report.

Thanks