INSUBCONTINENT EXCLUSIVE:
MUMBAI: The Reserve Bank Sunday said that it along with Sebi is "closely monitoring" recent developments in financial markets and "ready" to
take actions, if necessary, as domestic bourses witnessed sudden mid-session plunge last Friday
"The Reserve Bank of India and the Securities and Exchange Board of India are closely monitoring recent developments in financial markets
and are ready to take appropriate actions, if necessary," the central bank said in a brief statement
On Friday the BSE Sensex, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03 per cent, to hit a low of 35,993.64 in
afternoon trade, before staging an equally sharp recovery within minutes
It finally closed at 36,841.60, down 279.62 points
It saw an intra-day swing of 1,495.60 points
The broader NSE Nifty shed 91.25 points to finish at 11,143.10
The indices closed in the red for the fourth day in a row, during which investors lost a massive Rs 5.6 lakh crore
Overseas investors have pulled out a massive Rs 15,365 crore (USD 2.1 billion) from the capital markets so far in September, after putting
in funds during the previous two months, on widening current account deficit coupled with global trade tensions
Foreign portfolio investors (FPIs) remained net sellers and offloaded equities worth Rs 2,184.55 crore while domestic institutional
investors (DIIs) made purchases worth a net Rs 1,201.30 crore Wednesday, provisional data showed
The Indian currency has also witnessed a massive plunge in the recent past due to rising trade and current account deficits in the wake of
However, the rupee was bullish on Friday for the second day, rising 17 paise to end at 72.20 against the US dollar.
