Posts
As per NDTV, Talking about continuous selling pressure on Rupees,Reserve Bank of India governor Raghuram Rajan said the central bank will not have any "hesitation" in using foreign exchange reserves to reduce currency volatility.
On Sensex crashing down to a new low,
Reserve Bank of India (RBI) governor Raghuram Rajan is sounding quite hopeful of the current market situation in India as he said the country is in better position relative to many other economies.As per report published in hindustantimes.com
Rajan further added India's macro-economic problems were "under control" although he added the country would need to focus on increasing domestic production as an effective way to protect itself against a global economic slowdown.
He further said turmoil in currency market has been long and China is only the last step in it.
The Indian rupee slumped to as low as 66.49 per dollar on Monday, its lowest since September 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
Rajan also said the central bank's priority remained to help economic growth by bringing down inflation along a "glide path" that aims to keep consumer prices growing an annualized rate of between 2-6%.
Annual consumer price inflation slowed down to 3.78% in July, its lowest level on record.
..................................
News Source-hindustantimes.com
Image Source- Google
The 50-share Nifty index slipped below its crucial psychological
support level of 8,000, weighed down by losses in Pharma, IT, auto,
banks, capital goods, metal and oil & gas stocks.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The 50-share Nifty index slipped below its crucial psychological
support level of 8,000, weighed down by losses in Pharma, IT, auto,
banks, capital goods, metal and oil & gas stocks.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The 50-share Nifty index slipped below its crucial psychological
support level of 8,000, weighed down by losses in Pharma, IT, auto,
banks, capital goods, metal and oil & gas stocks.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
Read more at:
http://economictimes.indiatimes.com/articleshow/48648085.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/48648085.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The 50-share Nifty index slipped below its crucial psychological
support level of 8,000, weighed down by losses in Pharma, IT, auto,
banks, capital goods, metal and oil & gas stocks.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
Read more at:
http://economictimes.indiatimes.com/articleshow/48648085.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/48648085.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The 50-share Nifty index slipped below its crucial psychological
support level of 8,000, weighed down by losses in Pharma, IT, auto,
banks, capital goods, metal and oil & gas stocks.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The 50-share Nifty index slipped below its crucial psychological
support level of 8,000, weighed down by losses in Pharma, IT, auto,
banks, capital goods, metal and oil & gas stocks.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The 50-share Nifty index slipped below its crucial psychological
support level of 8,000, weighed down by losses in Pharma, IT, auto,
banks, capital goods, metal and oil & gas stocks.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
The rupee slumped to as low as 66.49 per dollar, its lowest since September 05, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.
0 comments:
Post a Comment