Not unduly worried, Re to stabilise in 3-4 days: FinMin

June 11, 2013 14:41

Amid the rupee touching a record low of 58.96 to a dollar, the Finance Ministry today said it is "not unduly disturbed" by the fall, and the domestic currency will stabilise in the next 3-4 days with large foreign fund flows.

"This is a temporary phase. This is simply a correction. Our indication is some of the FIIs are now poised to bring in large funds. In next 3-4 days, we will see a mid-course correction," Department of Economic Affairs Secretary Arvind Mayaram said.

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