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FM advises investors not to panic, markets soar

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    • Agencies Tags : liquidity situation, Finance Minister, P Chidambaram, indian market Posted: Monday , Oct 13, 2008 at 1254 hrs
    P Chidambaram
    P Chidambaram said Govt is working on measures to increase confidence of depositors and investors.

    Our banks are ready and willing to provide credit. Suitable advisories are being issued to the banks.

    Over the weekend, the US, UK, Euro zone and Australian authorities have announced a number of measures to stabilize the financial system. The Australian capital market and three of the East Asian capital markets have opened on a bright note this morning. I expect that our capital market will also take its cue from these positive developments.

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