The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Rupee drops on global risk-off
Reuters Market Eye - Rupee drops to 54.58/59 from its previous close of 54.2050/2150, tracking a global risk-off mood.
Asian shares down as investors worry about the fiscal crisis in the United States and the European economy's further deterioration, underpinning safe-haven currencies such as the yen and dollar.
Asian currencies trading mixed compared to the dollar.
Traders say losses in domestic shares adding to the bullish sentiment for the dollar. Shares down 0.7 percent.
Exporters, however, are expected to step up dollar sales and limit further sharp gains in the pair beyond the recent one-and-a-half-month low of 54.7850 touched on Tuesday.
- Tweet this
- Share this
- Digg this