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Chidambaram’s assurance

NEW DELHI: Union Finance Minister P. Chidambaram’s assurance to investors on Tuesday appeared to halt the free fall on the bourses on the second day of the mayhem, leading to a recovery of sorts.

Reassuring investors and confident that they would return to the market as the economic fundamentals were very strong, he said: “Worries of [the] Western world should not be allowed to overwhelm us... our economy is very different from some economies of developed countries. Our economy is a strong economy and the corporate sector is very strong … I am assured by the RBI and all the [other] banks that enough liquidity will be provided to brokers and market players. Liquidity will not be an issue.”

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