NEW DELHI: Seeking to dispel the perception of gloom and pessimism, finance minister P Chidambaram on Thursday asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back. 

Conceding that economy is going through a period of stress, he said, the government has been taking corrective steps to check rupee slide. 

"The value of rupee is indeed a matter of concern...rupee must find its appropriate level...we think it has overshot its value. Rupee correction will take place", he said, winding up a discussion on the first batch of supplementary demands for grants which was later passed by voice vote. 

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