
The global slowdown seems to be affecting the India market also. Indian economy is now growing at a slower pace of 5.3 per cent against expectations of 6.2 per cent.
This news has also caused panic in the share market. The reason of recent depreciation of Rupee is continous capital outflow by foreign funds and increased dollar demand from importers. Also, US dollar’s gains against other major currencies of the world also weighed on the Indian Rupee. So today 52 became very unlucky for Indian economy.You might also like:
0 comments:
Post a Comment