» Business » There's no room to panic, says FM

There's no room to panic, says FM

Source: PTI
October 13, 2008 10:30 IST
Get Rediff News in your Inbox:

Finance Minister P Chidambaram once again reiterated that India's economic fundamentals were strong and there was no room to act in haste or give into panic.

As the Asian markets opened higher on Monday, the FM said, "I expect the (Indian) markets to take cues from positive developments in three East Asian and Australian bourses."

He further stated that the government will take further measures to infuse more liquidity in the economy, adding that the details will be announced shortly.

Capital market, money market and to an extent the forex market are bearing the brunt of the current financial problem, the FM added.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2023 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Moneywiz Live!