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Indian shares tumbled on Wednesday, weighed down by capital outflow worries after the rupee tumbled to hit a record low against the dollar, succumbing to growing risk aversion due to the euro zone crisis and amid concerns about India’s widening current account and fiscal deficits. The rupee pared early losses after finance minister Pranab Mukherjee [...]
Continue Reading →Indian shares fell on Monday after government data showed India’s headline inflation accelerated to 7.23 percent in April, making it difficult for the RBI to moderate monetary policy. Negative global cues, especially a sell-off in Europe on fears that Greece will soon exit the eurozone also prompted investors to move to the sidelines.
Continue Reading →Indian shares fell on Monday after government data showed India’s headline inflation accelerated to 7.23 percent in April, making it difficult for the RBI to moderate monetary policy. Negative global cues, especially a sell-off in Europe on fears that Greece will soon exit the eurozone also prompted investors to move to the sidelines.
Continue Reading →Indian shares ended a choppy session modestly lower on Wednesday, extending the previous session’s sell-off, as weak global cues on concerns over political uncertainty in Greece, the rupee’s slide on fears over foreign fund outflow and news that the RBI sees little room for lowering interest rates further cut appetite for risk.
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