No serious challenge to rupee: Jaitley

April 07, 2016 13:26

The rupee does not face any "serious challenge" of depreciation and will find its own level after initial bouts of volatility, Finance Minister Arun Jaitley said today.

"I think India's currency is finding its own level. I don't see a very serious challenge," he said at an event jointly organised by Ananta Centre and CII. Rupee is impacted by global events but eventually recovers, he said. "Of course if some significant movements in currencies globally take place -- like US rates, there is some movement. But I think eventually after an initial impact our currency has shown, at least twice in last 3 years, a tendency to recover."

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