** need to panic over Iraq tensions: Finance secretary
 

New Delhi, June 14 (IANS) Finance Secretary Arvind Mayaram Saturday said there is ** need for Indian investors to panic due to unrest in Iraq as the government is watching the situation. Fears of a full-blown civil war in Iraq led to a sharp jump in crude oil prices putting pressure on currencies and equities markets globally. Talking to reporters on the sidelines of an event here, Mayaram expressed the hope that the situation would improve in Iraq soon. I don't see any immediate reason for panic," the finance secretary said.

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