P Chidambaram the Finance Minister has told the media on Thursday after a meeting that the PM Manmohan Singh has would invoke more reforms in the Indian Economy to avoid the volatility of the Indian Rupp at all costs.

However he has not spoken about eh measures which would be taken. There was a fall of 15% in the value of rupee since its best value this year in February after which it reached a never before low of Rs 57.32 against the price of dollar. The current value for rupee has gained 7.5% after the economic reforms and the price hike in the diesel and petrol.

"The PM underlined the need for a number of measures that will ensure that there is no volatility in the rupee," Chidambaram said.

Earlier, Raghuram Rajan, the new Chief Economic Advisor to the Prime Minister who took office only last month has also mentioned that the reforms would take India in the right way.

(AW- Anil)