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Last updated: 27 Sep, 2014  

Chidambaram.9.Thmb.jpg FM asks not to panic, rupee will stabilise

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SME Times News Bureau | 23 Aug, 2013
Finance Minister P. Chidambaram Thursday called for calm in the currency markets, saying stability will soon return, even as the rupee slipped below the psychological level of 65 against the dollar.

"There is no cause of panic...we are confident that the stability will return to the markets,” Chidambaram said at a media conference in New Delhi.

The finance minister said volatility in the currency market was unacceptable and the government was taking measures to improve the situation.

"We are not targeting any particular level for the currency. We want a stable currency...rupee today is undervalued and has overshot,” he said.
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Falling rupee
Kamal.M.Nazar | Tue Aug 27 20:14:50 2013
Dear sir, I doupt that, we are helping west to boost their buying capacity. Due to this reason we are loosing our profit on export. it is visibly very clear. Some intentional things also showing up. very soon in india there will be lots of shut down on factories. weaken Asian political situvation favoring west. for this may be west spent some billion in Asia !

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