........"We have a range of instruments. We can call on them as and when needed. We will not flag them. The ministry of finance, RBI (Reserve Bank of India) and SEBI (Securities and Exchange Board of India) are watching developments closely and take action appropriate. We should not let ourselves to be led by the market into directions we do not want to go," said Raghuram Rajan, Chief Economic Advisor in the Finance Ministry in New Delhi.
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