Date:23/01/2008 URL: http://www.thehindu.com/2008/01/23/stories/2008012350400100.htm

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Chidambaram’s assurance

Ashok Dasgupta

NEW DELHI: Finance Minister P. Chidambaram’s assurance to investors on Tuesday appeared to halt the free fall on the bourses on the second day of 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 banks that enough liquidity will be provided to brokers and market players. Liquidity will not be an issue.”