Rajan Repairs Rupee.

The new Reserve Bank governor Raghuram Rajan ,announced a spate of measures to defend the rupee and stock markets and the INR is expected to open with a strong gain . The value of INR declining to 20 percent has made it the worst performing currency in the continent with a fear to  provoke inflation.

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Rupee crosses 65.Chidambaram asks not to be pessimist.

Likely that by the end of the month Rupee may go down to as low as 70 to USD . Meanwhile, INR crossed 65 mark and Finance Minister , P Chidambaram still assured there is no reason for unwarranted pessimism and that rupee is undervalued and has overshot the appropriate level. 🙂

Aal ij Well !! Aal ij Well !! 😉

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Chidambaram-No need to panic over rupee's fall

Union Finance Minister is asking people not to worry over rupee’s constant fall. With INR breaking its all time low every other day, the investors, both foreign and domestic are scared to put money in Indian markets.Someone can you please trust  P Chidambaram Saab. 😉    All is Well.. All is Well !! 😀

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