India's fundamentals very strong: Finance minister

January 27, 2014 17:29

The finance ministry today sought to assure investors that the country's fundamentals are "very strong" even as the Rupee slipped to below 63 to a US dollar and the BSE Sensex plunged by over 426 points on global cues, following currency crisis in Argentina.

"The Current Account Deficit is below $50 billion. Foreign exchange reserves are (at) an all-time high. We have very strong fundamentals. I don't think that there is any cause of worry," Economic Affairs Secretary Arvind Mayaram told reporters.

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