The India Money Market Fall Since September

India marketplace news is the topic of discussion for every investor nationwide. The global economic downturn because the last quarter of 2008 has been gaining grounds before the Satyam scam. India has many foreign investors and the market not being very highly influenced despite the global recession, more overseas investors are looking towards India as a safe and bonded investment destination. Due to the Indian rupee and lack of dollar over the last week of December 08 and first week of January caused a ray of hope amongst investors, thus raising the importance of India currency industry. Data published by the India news listed purchasing of local shares by overseas funds. India market news further brought to light that with the Satyam scam, stock market indices seen a 7.1 percent slump. Despite the two months’ growth of the rupee, it again slumped down because of this Satyam effect. India money market is overwhelmed with news like ‘NSE eliminating Satyam from Nifty, replacing the position with Rel Capital’, ‘Satyam dropping Rs 10, 000 crore in market cap’, etc.. The India market news on 7th evening shook domestic in addition to global investor confidence affecting many other top companies. Overall, the problem is expected to enhance and India currency market is going to see a rise. Due to the corrective steps taken by the RBI in addition to the government. Together with the lending rate decrease by 350 basis points from the the RBI in addition to the 200 billion rupee ($4 billion) stimulus package announced by the government can help materialize the 7% growth target. Duties cut manufactured goods further add to the increase. What the India news shows currently is not predicted to be exactly the same. The situation is surely going to improve! For more detail click on this linkĀ

Leave a Reply

Your email address will not be published. Required fields are marked *