NEW DELHI (Reuters) - Indian financial markets are in turmoil as a result of external factors and they should soon settle down, Finance Minister Arun Jaitley said on Monday.
He spoke after a huge selloff in Chinese stocks following a recent devaluation of its yuan currency sent the Indian rupee to its lowest level since Sept. 2013.
The BSE Sensex plunged more than 4 percent to its lowest since Oct. 2014 amid falls in blue chips such as Larsen & Toubro .
(Reporting by Rajesh Kumar Singh; Writing by Douglas Busvine)
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