India's Finance Minister Palaniappan Chidambaram signaled more reforms to underpin economic growth after rupee fell to a record low on Tuesday.
Some measures are being taken to contain rupee volatility, he told reporters in New Delhi on Thursday.
"We have to take long term view of what is happening in India; results have been achieved; looking forward to more reforms," Chidambaram said.
The government will take several steps in June, he said. These will include foreign direct investment limits and gas pricing.
Further, he added that fiscal consolidation is underway and it has top priority.
Fitch Ratings on Wednesday raised India's credit rating outlook to 'stable', signaling support to the government's structural reforms and efforts to trim the country's massive budget deficit.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.