New Delhi: Declining to comment on the falling rupee value, Reserve Bank on April 4 said the government has not targetted any fixed value for the Rupee.

"We have not targetted any fixed value for the rupee. No comments on fall in value of rupee," RBI Governor Bimal Jalan said, adding, "The market is quiet", implying there is no need for panic.

The Rupee weakened further against the US currency early on April 4 at Rs 48.91/92 due to sustained Dollar demand following concerns of a spurt in crude oil prices owing to the West Asia crisis.

"There is no direct relationship between the crude oil prices and the interest rates," Jalan said on the sidelines of Silver Jubilee celebrations of Indian Civil Accounts Organisation.

PTI