Talking to reporters here, Sinha said this has happened due to temporary mismatch of demand and supply of dollars. The US dollar has strengthened against international currencies in the market, he asserted.

He disapproved of the "undue concern" over the situation and said the Reserve Bank of India has been given autonomy to deal with the situation. RBI steps in this direction will be effective in the days to come, Sinha added.

Talking about the disinvestment policy, the minister said the government will go ahead with disinvestment in public sector banks. The government shareholding would be brought below 51 per cent, Sinha said."I have been advised to bring down the government shareholding of banks," he said.

The recommendations of 11th Finance Commission were beyond review, Sinha said, while answering a query on protest against the recommendations by some southern states.

"I am personally in favour of bifurcation of bigger states and creation of smaller states for speedy development," he said in response to a question of demand for separate Vidarbha state.