PM wants to deploy measures to curb rupee volatility, says FM

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.

Reuters

The rupee dropped more than 15 percent 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 percent.

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

Reuters


Updated Date: Dec 20, 2014 13:10 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See