LIVE: Rupee Hits All-Time Low | Trump Vows Reciprocal Tax | Vantage this Week with Palki Sharma
The Indian inventory market plunged sharply on Thursday, pushed by considerations over the US Federal Reserve’s surprising coverage shift. The decline was fueled by a world risk-off sentiment, resulting in losses throughout home indices, a weakening rupee at a record-low 84.92, and important capital outflows from International Institutional Traders (FIIs). Traders had been rattled by the Fed’s rate of interest choice, whereas heavy promoting in finance, IT, FMCG, and steel sectors exacerbated the downturn. Ongoing FII sell-offs dampened market sentiment, additional contributing to the market’s decline and heightened uncertainty.
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