[Technical-Investor] No need to press panic button on Dubai debt crisis: FM

 

CHANDIGARH: Finance Minister Pranab Mukherjee on Saturday in Chandigarh aid that there is noneed to press the panic button for the Dubai debt crisis in India. "There has been some adverse impact due to the crisis. This impact has yet to be assessed. The amount involved is small. Secondly, the exposure to the Dubai financial system of Indian banking system from view point of direct foreign investment or FII is limited. Hence we need not press the panic button," he said. Further he added that some adverse effect will be there initially."Yesterday in the stock market the initial impact was felt but thereafter it recovered." Thanks and Best Regards, K.Venkatesh

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