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.
For comments and feedback: editorial@rttnews.com