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Indian stock markets tumble to 21-months low on heavy selling

Foreign portfolio investors (FPIs) sold shares net Rs.2,788.57 crores during the week as per the SEBI’s record including the provisional figure of February 12

Source: PTI

The RBI fixed the reference rate for the US dollar at 68.4365 and the euro at 77.3606 from last weekend’s level of 67.6365 and 75.7326, respectively.

The RBI fixed the reference rate for the US dollar at 68.4365 and the euro at 77.3606 from last weekend’s level of 67.6365 and 75.7326, respectively.

 

Markets continued to fall for the second conscutive week due to persistent Selling from operators and investors on concerns over global economy and weak results from banks.

“Relentless selling in the stock market is coming from redemption pressures, margin calls, crude slumping to multi- year lows, depreciating rupee against dollar and disappointing earnings,” said Gaurav Jain, Director of...

The post Indian Stock Markets tumble to 21-months low on heavy selling appeared first on The Dollar Business.



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Indian stock markets tumble to 21-months low on heavy selling

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