- Indian rupee hits more than 7-month high; shares in focusIndian rupee hits highest level in 8 months against US dollarP. Chidambaram trashes 'retirement' talk after facing flak over Lok Sabha elections 'retreat', hits out at BJP, JayalalithaaIndian rupee further strengthens by 27 paise against US dollar
Finance Minister P. Chidambaram today rejected media analysis that the "hope" of a stable government after elections is bringing in investments and driving up the capital market and the value of rupee.
He maintained it is not "hope" but the "fact" of a stable government provided by UPA and the numerous measures taken in the last 18 months that have provided stability and strength to the Indian economy.
"I am amused to read in some sections of the media that it is the 'hope' of a stable government that is bringing in investments and driving up the capital market and the value of the rupee. It is not 'hope', but the 'fact' of a stable government provided by the UPA and the numerous measures taken in the last 18 months that have provided stability and strength to the Indian economy," he said.
P. Chidambaram, who is on a campaign here in support of his son Karti in Lok Sabha elections, said, "If there is any hope that is driving the market, I believe it is the hope that the new government will follow the ten-point agenda that I had spelt out in my Interim Budget speech on 17.2.2014".
The Minister said, "I can assure the people and the investors that a Congress-led government will faithfully implement the ten-point agenda".