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Global developments are being monitored closely, says Arun Jaitley

"India's foreign exchange reserves are comfortable by global standards, and sufficient to mitigate any undue volatility in the foreign exchange market", says Jaitely

Finance Minister Arun Jaitley
Arun Jaitley

Allaying fears of industry and investors over global worries, Union Minister Arun Jaitley on Wednesday said the Centre was monitoring the global situation closely, and stressed that India’s macro-economic fundamentals were strong. “Recent developments relating to Turkey have created global risk aversion towards emerging market currencies, and the strengthening of the dollar. However, India’s Macro fundamentals remain resilient and strong,” Jaitley said on Twitter and Facebook. “India’s foreign exchange reserves are comfortable by global ...