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P. Chidambaram cautions regulators against market volatility

LiveMint logoLiveMint 13-05-2014 Asit Ranjan Mishra

New Delhi: Union finance minister P. Chidambaram on Tuesday cautioned financial regulators to be “watchful of developments in the market and large volatility in key parameters”.

Chidambaram, while chairing his last meeting of Financial Stability and Development Council, called upon the regulators and the finance ministry to be in a state of readiness and take necessary action if the situation so warrants.

The meeting was attended by all financial regulators including Reserve Bank of India (RBI), Securities and Exchange Board of India (Sebi), Insurance Regulatory and Development Authority (IRDA) and Pension Fund Regulatory and Development Authority (PFRDA) among others.

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