Interim Budget 2014: Rupee has stabilised says Chidambaram

The government today said the rupee has fared better than those of other emerging economies and the exchange rate has stabilised. Risks to capital flows were accentuated due to volatile global conditions and the US Federal Reserve's announcement last May of tapering its fiscal stimulus had severely hit the rupee value. "Government, RBI and Sebi took a number of measures to facilitate capital inflows and stabilise the forex marke...