Finance Minister Nirmala Sitharaman informed that the regulators will do their job on the Adani

Finance Minister Nirmala Sitharaman informed that the regulators will do their job on the Adani issue and that the Securities and Exchange Board of India has the wherewithal to ensure the stability of markets .Nirmala Sitharaman, Adani row, Adani-hindenburg rowMumbai: Union Finance Minister Nirmala Sitharaman with Union Minister of State for Finance Pankaj Chaudhary addresses a press conference in Mumbai.

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Days after Adani Enterprises canceled its Rs 20,000 crore follow-on public offer (FPO) following US-based short seller Hindenburg’s “stock manipulation” allegations, Union Finance Minister Nirmala Sitharaman said that India’s macro fundamentals and image are not affected by this and that it the country’s perception remained “intact”.

Addressing a press conference in Mumbai, Siharaman said, “Our macroeconomic fundamentals, the image of our economy, none of it has been affected. The fact that we have had 8 billion dollars of foreign exchange reserve growth during last two days shows that perception of India and its inherent strength is intact”.

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