New Delhi, May 21 -- Union Commerce and Industry Minister Piyush Goyal on Thursday said that all arms of the government are working together to address the sharp fall in the Indian rupee against the US dollar, adding that several measures are under consideration to stabilise the currency.

Speaking to the media on the sidelines of the Annual Leadership Summit of The American Chamber of Commerce, the minister said the government is closely monitoring the evolving situation.

Goyal said, "We are monitoring the situation. All the arms of government are working as a team. Several steps are under consideration."

He said the current global environment remains challenging but expressed confidence that India would emerge stronger.

"The situatio...