The Commerce Minister Mr. Anand Sharma today said that government will take effective measures to reduce the high volatality in the foreign exchange rate. He was speaking at the meeting of Board of Trade in New Delhi today. The meeting discussed Global trade, policy measures to address the impact of financial meltdown and procedural implifications.It also focussed on the process of continuous interaction between the Board and government to discuss foreign trade policy issues. Several other measures on long and short term strategy for enhancing exports in the backdrop of the present international financial environment are also being discussed in the meeting ttended by captains of Industry.