You are here:HomeEconomy

PM wants measures to avoid rupee volatility: Chidambaram

close

 

The prime minister wants measures to avoid volatility in the rupee, Finance Minister P. Chidambaram told reporters on Thursday after a meeting of the ruling alliance's partners.

He did not specify what those measures could be.

The rupee dropped more than 15 per cent from its 2012 high in early February to a life low of 57.32 per dollar on June 22. It has, however, since recovered 7.5 per cent.

"The prime minister underlined the need for a number of measures that will ensure that there is no volatility in the rupee," Chidambaram said.

Copyright @ Thomson Reuters 2012

Story first published on: September 27, 2012 14:06 (IST)

Tags: Rupee dollar, Prime minister, Manmohan Singh, P Chidambaram

For Profit Update,
Follow NDTV on Pinterest

Post your comments:

Social Sharing

Advertisement

From Reuters

The many interpretations of Ben Bernanke

The many interpretations of Ben Bernanke The last thing experts want is for Bernanke to be believed when he promises to carry on with an unchanged policy.
Market Data provided by © Accord Fintech.
© Copyright NDTV Convergence Limited 2013. All rights reserved.