<p>There is no need to react and panic over the rupee's fall, Finance Minister . Chidambaram said on Friday, a day after the Indian unit it an all-time low against the dollar.<br /><br /></p>.<p>The rupee had slumped to a record low of 59.9850 to the dollar on Thursday, following the US Federal Reserve's statement on its plan to wind down the monetary stimulus. <br /><br />"We are not insulated from what is happening in the rest of the world," Chidambaram said. "My request is we should not react and panic. It is happening around the world." <br /><br />Chidambaram said policymakers were monitoring the rupee and RBI would do whatever was needed to stem the fall.</p>
<p>There is no need to react and panic over the rupee's fall, Finance Minister . Chidambaram said on Friday, a day after the Indian unit it an all-time low against the dollar.<br /><br /></p>.<p>The rupee had slumped to a record low of 59.9850 to the dollar on Thursday, following the US Federal Reserve's statement on its plan to wind down the monetary stimulus. <br /><br />"We are not insulated from what is happening in the rest of the world," Chidambaram said. "My request is we should not react and panic. It is happening around the world." <br /><br />Chidambaram said policymakers were monitoring the rupee and RBI would do whatever was needed to stem the fall.</p>