A missed bond payment by a quasi-military organization in the Xinjiang Uighur Autonomous Region is fueling fresh concerns about China’s ability to shoulder its massive debt.

Economic affairs secretary Subhash Chandra Garg has said there is nothing to worry about the fall in rupee as long as the depreciation is in line with other currencies. The rupee crashed to record low of 70.09 during the day on global concerns over Turkey's economic woes which have impacted various emerging markets amid the US dollar gaining strength against other currencies.