Have adequate 'firepower' to deal with falling rupee: Govt
India has adequate reserves and "firepower" to deal with the depreciating rupee, Economic Affairs Secretary SC Garg has said. The volatility is being driven by global factors including the proposed US sanctions on Iran and the mismatch in demand and supply of oil, he added. The rupee on Thursday reached an all-time low of 69.09 against the US dollar.