THERE will be no panic buying at Rangers despite last night's embarrassing defeat at Inverness for Paul Le Guen's side.

The Frenchman looked finally to have steadied Rangers in recent weeks after a dreadfully poor start to the campaign.

But last night's 2-1 setback to Caley, Rangers' first defeat for nine games, has put Le Guen under further scrutiny.

However, the manager will not be rushing into the transfer market when the January window opens, despite being 17 points adrift of league leaders Celtic and two points off the pace of second-placed Aberdeen.

Champions League football is imperative for Rangers next season, but Aberdeen, Hearts, Kilmarnock and Hibs will all push for second place and that second qualifying spot in the belief, certainly on the evidence of last night's shambolic display, that Rangers are still there for the taking.

The next two games for Rangers over the festive period - against St Mirren and Motherwell - are now crucial and Le Guen has claimed he won't be distracted from them.

The Ibrox support are desperate to see some new faces, with a central defender topping the wish list, but the Rangers manager has made it clear he won't be making any knee-jerk signings.

"I don't want to make signings just for the sake of making signings, they would have to be good and improve the team," he said.

"The more exper-ienced players cost more money as well, so we will see what happens."

Le Guen could only look on as his side squandered a 1-0 lead and the good work of the last three weeks was undone at the Tulloch Stadium.

It is the second time this season Inverness have beaten Rangers - they won 1-0 at Ibrox back in October - and the Frenchman couldn't hide his frustration.

He fumed: "To sum up, we had a bad game. We never managed to increase the rhythm or the pace of the match and I am very disappointed with all of the team.

"I do not know if it is the poorest yet but it wasn't the best, that much is clear.

"I said to the players that football is first of all about commitment and frame of mind.

"I am very unhappy, but what I said to the team is between us. I do not want to single anyone out, but it is obvious some have not made the most of their opportunity.

"I want to congratulate Inverness Caley Thistle, but it was a poor performance from us."

Le Guen insisted his current lot have got to improve their attitude and display more hunger to succeed - especially against the so-called lesser teams.

Rangers have taken just three points from 21 in seven matches against bottom six sides after losing to Dundee United, Inverness twice, Falkirk and drawing with Motherwell, Dunfermline and United.

He said: "We must fight for each point now.

"Last night was just not good enough and we need to respond again."