More liquidity to be infused soon; FM allays fears of depositors - II

Mr Chidambaram suggested to investors to ''remain confident and respond to the situation in a cool and mature manner''.
''We must banish fear,'' he quipped.
He advised the investors to take informed decisions. ''Before you sell, you must remember that for every seller there is a buyer. You must ask yourself why the buyer is buying in these times of perceived uncertainty and, therefore, ask yourself the further question whether there is need to act in haste or panic. In my view, there is no reason at all to act in haste or to give room for panic,'' he said.
''If all the players in the economy remain confident and take informed decisions, I have no doubt that the Indian economy will weather the current storm and emerge stronger,'' he said.
Mr Chidambaram said that over the weekend, the United States, the United Kingdom, the Euro zone and Australian authorities have announced a number of measures to stabilise the financial system.
The Australian capital market and three of the East Asian capital markets have opened on a bright note this morning, he said. ''I expect that our capital market will also take its cue from these positive developments,'' Mr Chidambaram said.