Rupee fall: No need for 'knee-jerk' reactions, says Goyal

June 29, 2018 13:32

Finance Minister Piyush Goyal today said there is no need for "knee jerk reactions" on the rupee front, amid the currency touching lifetime lows. The rupee had yesterday breached the 69-mark against the US dollar for the first time due to multiple headwinds like weak global cues and inflation concerns. It finally ended at an all-time low of 68.79, slumping 18 paise.

"Knee jerk reactions are not called for," Goyal told reporters in New Delhi. Responding to queries on the steep fall in rupee, the minister also said appropriate steps would be taken after consultations with all stakeholders after taking into account global factors. He also said the country has significant foreign exchange reserves. -- PTI

« Back to LIVE

TOP STORIES

Fleming hails Dhoni's batting: 'It's inspirational!'

His brilliant form notwithstanding, Mahendra Singh Dhoni cannot be promoted in the batting order as his recovery from a knee injury has restricted his ability to wield the willow for long periods, said Chennai Super Kings coach Stephen...

Explosions rock pro-Iran military base in Iraq

However, the reason behind the explosions is not known as yet.

CSK Vs LSG: Who Bowled Best? Vote!

Krunal Pandya emerged as the wrecker-in-chief on Friday night.

'It was world-class batsmanship from Rahul and de Kock'

Lucknow Super Giants pacer Matt Henry was in awe of the "world-class batsmanship" of skipper KL Rahul and Quinton de Kock, saying the century-plus opening stand between the duo helped them outclass a "very good" Chennai Super Kings...

IRDAI removes age limits on health insurance, huge relief for seniors

The move by the insurance regulatory body aims to create a more inclusive healthcare ecosystem in India and to encourage insurance provider companies to diversify their product offerings.