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Underlining efforts being taken by the government to bring the inflation down, Finance Minister Nirmala Sitharaman has said that the Indian rupee is holding ground at a time when dollar has strengthened. She also asserted that the fundamentals of India's economy is strong and the inflation is low compared to other parts of the world.

Finance Minister also underlined that several countries in the world like Turkey are facing double digit inflation, and countries are being very severely impacted through external factors. Further, she said ‘We are also being impacted through external factors. We are also being impacted. But because of the various measures we're taking timely each time we are able to bring it to this level at least hold it. Ideally at this time to bring it to four will be just very good, but we're trying.’

Besides, Sitharaman said that all other currencies are performing against a strengthening dollar and Indian rupee has performed much better than many other emerging market currencies. Sitharaman said 'It is not to intervene in the market to fix the value of the rupee. So, containing the volatility is the only exercise that RBI is involved in. And I've said this before, the rupee will find its own level.’