New Delhi, Jun 29 (PTI) Finance Minister Piyush Goyal today said there is no need for “knee jerk reactions” on the rupee front, amid the currency touching lifetime lows. Also Read - IRCTC Latest News: India's First Rajdhani Express With Pull-push Technology to Run Daily From Tuesday | Check Timings, Route
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. Also Read - Swanky Makeover: Railway Ministry Shares Glimpses of Futuristic New Delhi Railway Station | See Photos
“Knee jerk reactions are not called for,” Goyal told reporters here. Also Read - IRCTC Latest News: Booking Tickets to Become Easier & Faster For Passengers | Here's How
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.
This is published unedited from the PTI feed.