Global economic cues are unfavourable, says Finance Minister Arun Jaitley

Finance Minister Arun Jaitley was briefing the media after the high-level meeting on global economic scenario chaired by Prime Minister Narendra Modi where bankers and billionaires talked about how India can manage global economic turbulence, including opportunities for Asia's third-largest economy in China's market and growth woes. "Most participants felt that we are going through a phase of volatility which might turn to some turmoil on the market. Volatility is the norm of the moment and will result in turmoil in the markets and rupee," said Jaitley.

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