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Download ET MARKETS APP. Drag according to your convenience. Attributing the turmoil in stock and currency markets to global developments, he said the rupee had not declined as steep as currencies of some other countries of the world.
The government is keeping a close watch on global developments and is well prepared to face any challenge, the finance ministry said, seeking to soothe frayed nerves on a day when markets crashed at home and elsewhere. The world over, nations are facing turmoil in stocks and currency markets and India is no exception, Economic Affairs Secretary Shaktikanta Das told reporters, hours before the BSE Sensex plunged more than points, in line with a global meltdown in stocks.
He said the decline in India's stock and currency markets is not as bad as in some other countries and that the government is prepared to deal with challenges emanating from the global developments. Living and entertainment Timescity iDiva Zoom Luxpresso Gaana Happytrips Cricbuzz Get Smartapp Networking itimes MensXP.
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