dollar on Tuesday, because of the rupee value stock market has been collapsed after 3 continues positive trading session.
Sensex closed 17,968 by losing 590 points or 3.18% and the Nifty closed at 5,287 by losing 189 points or 3.45% where as Gold reached our expectations and reached 33 thousand mark and closed at 33,640 even now the Gold price will reach to 35,300 in near future.
According to the Finance Minister P Chidambaram the rupee will finds its appropriate level in near future. It is happening
only because of domestic impact. Government is taking some of the measurements to grab the investments to India very soon once the investments is starts the value of rupee will be stabilized. All the currencies of Asian markets are facing pressure and rupee is getting more impact in present days.
Recently Indian government implemented Food security bill it is having enough funds to provide proper budget for the bill, and the GDP 4.8 percent now it will improve up to 5.9 in near future.
Due to the impact of rupee the sensex will continue to trade in red for a while closing session there is a possibility to recover the market.
No comments:
Post a Comment