Today Rupee make a another all time low as it stood 72.15 after hitting 72.28 mark.
The rupee's fall continued for the sixth straight session and also it creates a fear in the market.
Finance Minister Arun Jaitley said there was na need for panic or knee-jerk reaction.
He further said " If you look at the domestic economic situation and the global situation, there are virtually no domestic reason which are attributable to this. The reason are global.
"I dont think there is any need for the world's fastest growing economy to come out with panic and knee jerk reaction", he said while replying to questions regarding the fall in rupee.
India is a developing country so 2-5% in our currency will expected. Thats good for us but rise in crude price is a main headache for us because India import a huge amount of oil to meet the domestic demand.