Govt Concerned Over Rupee Rise: FM

India is concerned over the rapid appreciation of the rupee against the US dollar.Union Finance Minister P Chidambaram has said that the central bank may have to intervene if there is disorderly movement in the exchange rate.Our exchange rate has a symbiotic relationship with the exchange rate of the US. The rupee is stable against the Euro and many other currencies. It is only against the dollar the rupee has appreciated, he said.The policy is to allow two-way movement of the rate, but the only concern is that the movement should be orderly, he said at an interactive session at the Peterson Institute for International Economics.Neither the government nor the central bank has a view on the exchange rate. This is market-determined and it will be market-determined, Chidambaram said. If there is volatility or any disorderly movement I suppose the central bank will intervene using whatever instrument it has. The Central government does nothing on that behalf, the Minister said.Chidambaram also asserted that the Indian economy was still poised to extend impressive rates of growth.He added that the present government has brought about greater stability and clarity to the policy environment and has remained steadfast on the path of fiscal prudence and discipline.