FM Jaitley attributes fall in rupee to global factors

Finance Minister Arun Jaitley has attributed the fall in rupee to global factors and said there is  no need for panic or knee-jerk reactions.  He said the Reserve Bank of India is doing whatever is necessary to deal with the situation.  Replying to a media query in New Delhi on Wednesday, Mr. Jaitley said the dollar has strengthened against almost every other currency and added that the rupee has consistently either strengthened or remained in a range.  Elaborating his point on global factors af...