For Plunging Rupee, Finance Minister Arun Jaitley Blames "Global Reasons" - Global News | Latest & Current News - Weather, Sports & Health News

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For Plunging Rupee, Finance Minister Arun Jaitley Blames "Global Reasons"

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Finance Minister Arun Jaitley today said the unprecedented fall of the rupee against the dollar was not confined to India and the reason for it was "global". There was no need for "panic and knee-jerk reactions", said the finance minister hours after news agency Reuters reported that the Reserve Bank is likely to have stepped in to check the free-fall of the rupee.

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